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Perfect, yes, excellent distinction. I'm all in favor of a vastly simpler tax code, but I'm also in favor of a vastly more progressive tax code. These two thi
by Frondo 9y ago
Perfect, yes, excellent distinction.
I'm all in favor of a vastly simpler tax code, but I'm also in favor of a vastly more progressive tax code. These two things aren't in opposition to one another.
- njarboe 9y agoAt this point a flat income tax rate would be more progressive at the top end than the current system, especially if you wrap in medicare and social security taxes. Maybe start with a flat tax and move from there.
- BatFastard 9y agoA flat tax by its vary nature and NOT be progressive. And even with how broken the tax code is, a flat tax still places a totally unfair burden on the poor. If you take 20% of 20,000 bucks your tax on me is 4k which only leaves me 16k to live on (You would be extremely poor in US). 20% of 200k is 40k, which leaves me 160k to live on.