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This concept already exists, and is called a Flat Tax. The problem is it's regressive, which is the opposite of what the current tax code is attempting to do.
by rqebmm 10y ago
This concept already exists, and is called a Flat Tax. The problem is it's regressive, which is the opposite of what the current tax code is attempting to do.
- subway 10y agoA flat tax rate, in its most basic form is neither progressive nor regressive, but simply proportional. I'd take that over the currently implemented progressive* tax. *Progressive as long as you ignore the primary sources of income for the wealthy.
- markvdb 10y agoA flat tax is socially regressive, even if it is mathematically proportional. The marginal utility of 100€ is totally different at 370€/month compared to 10000€/month.