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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 regre
by 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