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There are probably as many different methods of it as those people who have an explanation of what it is! Everyone uses the term to define a different process.

One sort of universal aspect of it is....that the tax rate charged should be the same, or flat, for any amount or type of income. (Why some feel this is much of a simplification over the only 3 or so currently used is anyones guess). Here there are some videos which may give more insite on the matter: http://www.sutree.com/Learn.aspx?q=tax

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17y ago

What else can I help you with?