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A progressive tax treats everyone equally. It taxes Jeff Bezos the same rate for the first $25k as it does me. Just like it would charge me the same rate for t
by jjeaff 5y ago
A progressive tax treats everyone equally. It taxes Jeff Bezos the same rate for the first $25k as it does me. Just like it would charge me the same rate for the last billion I earned. Everyone lives by the same set of rules. Anyway, progressive vs flat tax is orthogonal to simplifying the tax code because a graduated tax rate is not complex and is the very least of our current worries when it comes to tax code complexity.
As for Paul Ryan, he proves my point. His proposal included a huge break in corporate rates in exchange for a modest break in middle income taxes.