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by bobwaycott
3355 days ago
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The basic point in simplest form is that the less money a person earns, the greater the impact of paying 20% of their income in taxes is in terms of real dollars left to live on. A family earning $50K will have $40K left after federal taxes to live on. A family earning $250K will have $200K left to live on. One of these families is hurt more than the other by a flat tax. This is what is meant when a flat tax is criticized as being regressive. |
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A single "family" of one making 50k though should most likely be paying their portion of tax, whatever the tax rate is. At some point an individual has to be accountable and live within their means.
So in the end, the tax rate would be flat, but effective tax rate would not.