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Flat tax is a horrible libertarian idea that simply hurts lower-income people, because to get the same revenue you end up having to massively raise the taxes on
by kratak 9y ago
Flat tax is a horrible libertarian idea that simply hurts lower-income people, because to get the same revenue you end up having to massively raise the taxes on the lower classes, which they can't afford since they're already struggling to make ends meet. We've had progressive taxation in this country since the invention of income tax, for good reason. If you want simpler taxes, you don't need a flat tax, you just need to eliminate all the deductions and credits. Calculating a progressive tax is not hard: you just see which bracket your income falls into, and then do the simple calculation. Or, you just look it up in a table which most people do.
- tmaly 9y agoFlat tax was just something that came to mind. I am not stuck on the idea, I just think we could have something much simpler than what we have that requires less of peoples time each year. I heard in Canada, the system does it all for you and its much less of a time suck than what we have here.
- Arizhel 9y agoIt's not just Canada, it's all the developed nations. The US has a horribly complex tax system, while the developed nations do not. It's because of all the credits and deductions for everything. And it's hard to get rid of them because someone will be mad and will write their Congressman, and also because companies like Intuit (Turbotax), plus uncountable CPAs, profit from this system.
- narrowrail 9y agoI consider myself a true fan of liberty and a flat tax is so regressive it seems an obvious attempt to stew hate for all taxes. It's so rare I meet such unreasonable people in my day-to-day (though I did yesterday).