Quantcast

Fair Tax

Definition:

A proposal to change the federal tax laws in the United States from current tax system to a single national consumption tax on retail sales. The plan was introduced to the Congress as the Fair Tax Act for the first time in July 1999. The Act gained additional visibility in 2008.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Flip side

In the context of general equities, opposite side to a proposition or position (buy, if sell is the proposition and vice versa).

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!





Create your free portfolio




Investing Tools

stock screener icon
Stock Screener

Find opportunities in the market using criteria based on 145 data elements.

portfolio tracker icon
Portfolio Tracker

Create a portfolio of selected assets that are updated dynamically intraday.

guru icon
Guru

Evaluate stocks that meet the investment criteria of the greatest investors.