4 ms·
Your logic is faulty. Using your reasoning, sales and property taxes are also progressive, because wealthy people purchase significantly more goods and propert
by copperx 6y ago
Your logic is faulty.
Using your reasoning, sales and property taxes are also progressive, because wealthy people purchase significantly more goods and properties, which are frequently more expensive than a middle class person would buy. Thus, the rich end up paying more taxes.
- alexmingoia 6y agoUsing my logic, tax assessments that don’t change based on income are regressive, and tax assessments that do are progressive. It’s not complicated, and it’s a widely used definition. https://en.m.wikipedia.org/wiki/Progressive_tax https://en.m.wikipedia.org/wiki/Progressive_tax You may think a flat income tax rate isn’t progressive enough, but it’s not a regressive tax.