2 ms·
If you want to make it a flat dollar amount, you won't find an argument from me. I happen to think a flat percentage without deductions or credits is the best
by Alupis 2y ago
If you want to make it a flat dollar amount, you won't find an argument from me.
I happen to think a flat percentage without deductions or credits is the best compromise with the people who think everyone else isn't paying their "fair share". If everyone pays this 10% (or whatever) then there's no quibbling about this or that deduction or tax shenanigan (buying art, etc).
- tzs 2y agoHaving a progressive rate with no deductions or credits would also accomplish getting rid of the quibbling. The big argument for a progressive rate over a fixed rate is that 10% from someone making $15 000 has a much bigger impact on their lifestyle than 10% from someone making $15 000 000. With no deductions and credits 10% on $15 000, especially for someone with kids, can mean the tax is coming from money that otherwise would have went toward basic things like food and heat and healthcare. That's why nearly every serious flat rate tax proposal I've seen includes some kind of exemption so that tax is actually only on the income over that threshold. But once you do that it is now a progressive tax with two brackets.