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by bingoboingo33
2932 days ago
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"If we are going to massively simplify taxes, then it needs to be done on the richest" Why? This is a built-in assumption most people seem to be operating with and I've never understood the rationale that the rich should pay more. Does a rich person wear roads out more than a poor one? And if they do, wouldn't it be better if they paid for how much they wear the road down? As in: a percentages of miles driven on it? As in: a consumption-based tax? Anyhow, even if you decide to work with that flawed premise,
to me, if we're going to tax revenue, then "fair" translate to a very simple mathematical concept: fixed-rate. Everyone pays 10% tax on their income. This way, the "rich" pay more, and the "poor" pay less. Because 10% of 1M is 100k and 10% of 100k is 10k. Fairness handled. |
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If you pay 10% on $20,000, you have $18,000. It was already hard to live on 20k, living on 18k and having your needs met is even harder.
Your examples reveal your bias. Most people don't make $100,000. And it's the "most people" that you would impact hardest with the flat tax scheme.