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Originally Posted by Seran
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Originally Posted by Seran
Meanwhile regressive taxation is slavery, funny how that works.Quote:
Originally Posted by Parkbandit
I actually agree with you here. Seems like a flat tax, which is neither progressive nor regressive, would be a good compromise.Quote:
Originally Posted by Seran
Nice try there, but flat taxes are also regressive.Quote:
Originally Posted by Suppressed Poet
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From irs.gov
With a proportional or flat tax, each individual or household pays a fixed rate. For example, low-income taxpayers would pay 10 percent, middle-income taxpayers would pay 10 percent, and high-income taxpayers would pay 10 percent. The sales tax is an example of a proportional tax because all consumers, regardless of income, pay the same fixed rate.
Although individuals are taxed at the same rate, flat taxes can be considered regressive because a larger portion of income is taken from those with lower incomes. For example, a 6% sales tax on a $1,000 computer ($60) would take a greater portion of a $10,000 income than of a $50,000 income.
How many more computers does someone like Musk or Bezos purchase than someone making low income?Quote:
Originally Posted by Seran
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Originally Posted by Seran
That is false. We’re talking about income tax here not sales tax. Use your brain. X% of your income in the form of an income tax is the same portion no matter how much you make.Quote:
Although individuals are taxed at the same rate, flat taxes can be considered regressive because a larger portion of income is taken from those with lower incomes. For example, a 6% sales tax on a $1,000 computer ($60) would take a greater portion of a $10,000 income than of a $50,000 income.
Does the IRS collect sales tax or income tax in your world? Because in mine they do not collect sales tax, so your inference is dumb. If the IRS says a flat tax is regressive, being the foremost experts in all things income tax related, then shut up and learn from your betters.Quote:
Originally Posted by Suppressed Poet
Man you are choking on that government cock so much it's cut off air to the peanut you call a brain.Quote:
Originally Posted by Seran
Gahdangit Seran. Read your below reference in its entirety.Quote:
Originally Posted by Seran
The above is talking about sales tax. A rich man and a poor man that pay 6% sales tax on a $1,000 item each pay $60. In that sense, according to your reference, the tax is regressive because $60 is a greater portion of the poor man’s income. Now rub together your last 2 remaining brain cells to think what a 6% income tax means to each. The rich man pays more than the poor man, but it’s proportionally equal. Got it?Quote:
Although individuals are taxed at the same rate, flat taxes can be considered regressive because a larger portion of income is taken from those with lower incomes. For example, a 6% sales tax on a $1,000 computer ($60) would take a greater portion of a $10,000 income than of a $50,000 income.
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Originally Posted by Seran
You haven't posted yet on 7/25/23.. so as of 9:42am, you haven't posted the dumbest post of the day yet.
You should make it a goal of trying not to be the dumbest person on this forum today.