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Payroll taxes are not flat, they are in fact regressive (unlike a flat tax, which is by definition neither progressive nor regressive). Since social security ta
by settrans 5y ago
Payroll taxes are not flat, they are in fact regressive (unlike a flat tax, which is by definition neither progressive nor regressive). Since social security tax is capped, the more you beyond the social security tax limit, the lower your effective payroll tax rate becomes.
- seanmcdirmid 5y agoNot that it really matters in my argument, but while SSI is regressive, medicare is not.