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by alexmingoia
2091 days ago
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A regressive tax is one which everyone pays the same regardless of income. Sales tax is a regressive tax. Property tax is a regressive tax. A flat percentage income tax is progressive. The more one earns, the more they pay. If the flat tax is 15%, someone who earns a million pays $150,000, and someone who earns $30,000 pays $4,500. The richer someone is, the more they would pay. A flat percentage income tax on all income from all sources is progressive, fair, and simple. |
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Using your reasoning, sales and property taxes are also progressive, because wealthy people purchase significantly more goods and properties, which are frequently more expensive than a middle class person would buy. Thus, the rich end up paying more taxes.