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You're using the term "progressive tax" to talk about the benefit or return, which is not what it actually means. Progressive, flat, and regressive taxes are n
by Jtsummers 2y ago
You're using the term "progressive tax" to talk about the benefit or return, which is not what it actually means.
Progressive, flat, and regressive taxes are not about how the money gets used or redistributed. It's a simple thing: Is the tax rate constant across all incomes? Flat. Does the tax rate increase as income increases? Progressive. Does the tax rate decrease as income increases? Regressive.
OASDI is a regressive tax. Flat for the first $176k, then drops after that.
- Kirby64 2y agoAnd you're using far too strict of a definition of tax. Think of it another way: if I make $1, and the government takes $0.10, but then gives me back $0.05 later, but my rich neighbor who makes $10 the government takes $1 and he only gets back $0.10 later... how is my neighbor not taxed more (effectively) than me?