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The poorest often pay the proportion of their income they can least afford to lose in taxes: A person who makes a million a year paying 50% is more able to affo
by eschaton 10y ago
The poorest often pay the proportion of their income they can least afford to lose in taxes: A person who makes a million a year paying 50% is more able to afford it than a person making $10000 a year and paying 10%, because there's a nonzero floor to the cost of living. Learn some about diminishing marginal utility. (Also note that you need to consider all taxes, not just income taxes, when considering tax burden.)
- Chris2048 10y agoWhat does "able to afford it" mean? If we assume a fixed, minimum cost of living, a richer person can always afford more since they have more money. What can be afforded, and what is fair payment for public services used are different things. OP was talking about "paying fair share" of public services used. Also, comparing the very bottom with the very top is extreme. There are plenty more in the middle. > diminishing marginal utility What relevance it this to fair tax on individuals?
- wav-part 10y agoI will learn about your stupid riddles when its perfectly clear to me what you are doing. You are stealing from me. If I buy I loaf of a bread I am more than happy to pay for it but dont think I am ok with you extorting percentage of my income for it. Fk Off man.