4 ms·
I'm for an approach closer to the Fair Tax, in which every taxpayer receives a stipend back that is an amount reasonably useful to a lower-class household and u
by Rooster61 8y ago
I'm for an approach closer to the Fair Tax, in which every taxpayer receives a stipend back that is an amount reasonably useful to a lower-class household and utterly useless to the super rich. Totally flat taxes tend to be regressive due to ignorance (not stupidity, very big difference) of those in the lower brackets of how to effectively handle money, and the much larger number of choices the rich have to spend their money. The more money you have, the more you can pick and choose how to spend it effectively. It's tough to do that when you are paycheck to paycheck.
It's not a perfect solution, but it would tamp down considerably on loopholes. It's hard to bypass a tax paid upon consumption/service.