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This article is another conservative puff piece that doesn't belong on Hacker News. They are pushing for a flat tax which is a regressive tax.
by zappo2938 6y ago
This article is another conservative puff piece that doesn't belong on Hacker News. They are pushing for a flat tax which is a regressive tax.
- benjohnson 6y agoCombined with UBI, it could have merit. However the combination will never happen as it doesn’t allow politicians to play favorites and reward their buddies.
- cletus 6y agoA flat tax with an tax free income threshold would actually be great. For example: - Exclude the first $50,000 - Tax the rest at 25% - Eliminate deductions (this will never happen). This includes the standard deduction. - Make efforts to also stop companies to shift profits to low or no tax jurisdictions. - Get rid of double taxation on dividends. And we'd all be a lot better off.
- mooreds 6y agoI don't think the flat tax is a good idea, but I would love a simpler tax code. But I remember having a long conversation with a friend who was an economist on why corporations were able to deduct things they needed to provide their services, but I as an individual couldn't do the same. It's a valid and interesting topic to discuss, imo.
- RhysU 6y agoHow is a flat tax regressive? How far from flat does it have to be to stop being regressive?