Flat tax

A flat tax (short for flat tax rate) is a tax system with a constant marginal rate, usually applied to individual or corporate income. A true flat tax would be a proportional tax, but implementations are often progressive and sometimes regressive depending on deductions and exemptions in the tax base. There are various tax systems that are labeled "flat tax" even though they are significantly different.

Major categories

Flat tax proposals differ in how the subject of the tax is defined.

True flat rate income tax

A true flat rate tax is a system of taxation where one tax rate is applied to all personal income with no deductions.

Marginal flat tax

Where deductions are allowed, a 'flat tax' is a progressive tax with the special characteristic that, above the maximum deduction, the marginal rate on all further income is constant. Such a tax is said to be marginally flat above that point. The difference between a true flat tax and a marginally flat tax can be reconciled by recognizing that the latter simply excludes certain types of income from being defined as taxable income; hence, both kinds of tax are flat on taxable income.

Flat

flat commonly refers to:

Flat or flats may also refer to:

Geography

Places

Landforms

Architecture

A Flat (film)

A Flat is a Hindi thriller film, directed by Hemant Madhukar and produced by Anjum Rizvi.The film was released on 12 November 2010 under the Anjum Rizvi Film Company and Y.T Entertainment Ltd. banners.

Plot

The story follows Rahul (Jimmy Shergill), a young businessman who comes back from the U.S. to patch things up with his girlfriend Preeti (Kaveri Jha). His father, Varma (Sachin Khedekar) is mysteriously murdered as he goes to find a flat for Rahul. His friend Karan (Sanjay Suri), a rich salesman, gives his old flat to Rahul. After Rahul enters the flat, his life takes an unexpected turn when the unexplainable disappearance of Preeti takes place, and finally Rahul finds himself trapped in his own flat. With no connection to the outside world, Rahul is stuck and realises that a ghost is living in the flat with him, who won't let him go. He tries to contact Karan, but is unsuccessful. He then finds a diary in his room, which is opened by the ghost who allows him to read it.

It turns out the diary belongs to Geethika (Hazel Crowney), a young village girl living out her childhood even at an adult age. She finds Karan coming to her village to build many buildings, and Karan uses Geethika's father's help. When her father cancells it of due to the suicide of her sister, Karan can't take the loss, and runs away with Geethika pretending to be in love with her. Back in a flashback, it is shown the two coming to foreign and getting married in the same flat Rahul is living in. Karan explains that he will return in a few days, but doesn't come back until many months. In his absence, Varma visits Geethika and takes advantage and tries to rape her. She uses self-defence, and tells him to get out. She begins to cry, only to realise she is pregnant. Karan comes back, and tells her to abort the baby because he is already married to someone else. She dies during the abortion, and Karan hides her body so nobody would blame him for her death.

Apartment

An apartment (in American and Canadian English) or a flat (in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair. Such a building may be called an apartment building, apartment complex (in American English), apartment house (in American English), block of flats, tower block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent. In Scotland it is called a block of flats or, if it's a traditional sandstone building, a tenement, which has a pejorative connotation elsewhere. Apartments may be owned by an owner/occupier, by leasehold tenure or rented by tenants (two types of housing tenure).

Terminology

The term apartment is favoured in North America (although flat is used in the case of a unit which is part of a house containing two or three units, typically one to a floor) and also is the preferred term in Ireland. In the UK, the term apartment is more usual in professional real estate and architectural circles where otherwise the term flat is commonly, but not exclusively, for an apartment without a stair (hence a 'flat' apartment). Technically multi-storey apartments are referred to as 'duplex' (or 'triplex') indicating the number of floors within the property. Usage generally follows the British in Singapore, Hong Kong and most Commonwealth nations.