4 ms·

How is income tax regressive?

• quantified 1y ago
  A flat tax would be. It's been flattening in the US.
  • JumpCrisscross 1y ago
    > A flat tax would be No. A flat tax is proportional [1]. [1] https://www.investopedia.com/ask/answers/042415/what-are-differences-between-regressive-proportional-and-progressive-taxes.asp https://www.investopedia.com/ask/answers/042415/what-are-dif...
    • Marsymars 1y ago
      Also from investopedia: > While a flat tax imposes the same tax percentage on all individuals regardless of income, many see it as a regressive tax. > A regressive tax imposes a larger tax burden on those with lower incomes than those with higher incomes because a larger portion of a lower-income individual's total funds goes to the tax. While higher-income taxpayers pay the same percentage, their greater incomes make the financial burden easier to bear. https://www.investopedia.com/terms/f/flattax.asp https://www.investopedia.com/terms/f/flattax.asp