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At 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 ta
by njarboe 9y ago
At 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.