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> No, they would be taxed proportionally the same. No, they wouldn't. The poorer you are, the more of your money goes towards consumption of the necessities of
by Nursie 6y ago
> No, they would be taxed proportionally the same.
No, they wouldn't. The poorer you are, the more of your money goes towards consumption of the necessities of life and therefore the higher proportion of your available funds goes to tax under such a system.
> You're starting from the assumption that income is what should be taxed.
No, I'm starting from the definition of progressive taxation and telling you, accurately, that your scheme is a recipe for regressive taxation as it disproportionately affects the worse off.
Even the ludicrous "Fair Tax" proposals made 15-20 years ago made concessions to this, in proposing that the least well off would be refunded all or some of their taxes.