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It is regressive when compared to the idea that the value of money is roughly logarithmic as it increases. $5000 means more to a working class person than a bi
by tunesmith 10y ago
It is regressive when compared to the idea that the value of money is roughly logarithmic as it increases.
$5000 means more to a working class person than a billionaire. If taxation should take an equal amount of value from each, then a flat percentage is comparatively regressive.