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Ok, tell me why, if I'm paying for a 20% flat tax, I couldn't be persuaded by future demagogue that my measly $1k/mo isn't worth it if I'm say, paying more in t
by r00fus 7y ago
Ok, tell me why, if I'm paying for a 20% flat tax, I couldn't be persuaded by future demagogue that my measly $1k/mo isn't worth it if I'm say, paying more in taxes than the $12k annual?
The problem comes with the loopholes - cap gains, real estate taxes. Do those fall under flat tax?
- chillacy 7y ago> cap gains, real estate taxes. Do those fall under flat tax? Depends on implementation I suppose. The example given is just a simple illustration that a regressive looking and progressive looking scheme could have the same payouts in theory, they just seem different on the surface. > if I'm paying for a 20% flat tax, I couldn't be persuaded by future demagogue that my measly $1k/mo isn't worth it if I'm say, paying more in taxes than the $12k annual? If you can afford to spend $120k a year on luxury consumables (assuming 100% VAT passthrough) then you're probably savvy enough to figure that out without the demagogue. But there aren't a lot of people with that kind of money. Historically universal programs fare better, Alaska is one example.