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When deciding what is fair in tax, we should perhaps consider not how much is paid in tax, but how much remains after tax. If a middle to low income earner pays
by he_is_legend 5y ago
When deciding what is fair in tax, we should perhaps consider not how much is paid in tax, but how much remains after tax. If a middle to low income earner pays $10k in tax, but then has trouble paying their bills, or keeping a roof over their head, have they paid a fair share? When a bilionaire pays $100m in taxes and has billions left to fritter away on going to space or playing with crypto stocks, have they paid a fair share?
- unreal37 5y agoIf you go by that metric, taxes will never be enough. You could tax a billionaire 99.9% and they'll still have enough. And it wouldn't be fair. And it would destroy the economy in the long term.