04-16-2015, 03:04 AM
Could somebody explain exactly how a flat tax is regressive?
If there are no loopholes, no exceptions, no write offs, and everybody pays the same percentage, how does that make the rich even richer?
For those who can't tell or like to read into instead of just read, I'm asking a couple of straight forward questions.
I know just enough about taxes to complete my two forms on my own, the difference between a W-2 and a W4 (a lot of people don't know that much) and that's about it.
I can see that if you're rich, you can make more money with bigger investments, etc., but how does paying the same tax rate, without exception make that wrong?
A lot of people far more learned than me are for it, and a lot more learned people are against it.
So, what's the deal?
If there are no loopholes, no exceptions, no write offs, and everybody pays the same percentage, how does that make the rich even richer?
For those who can't tell or like to read into instead of just read, I'm asking a couple of straight forward questions.
I know just enough about taxes to complete my two forms on my own, the difference between a W-2 and a W4 (a lot of people don't know that much) and that's about it.
I can see that if you're rich, you can make more money with bigger investments, etc., but how does paying the same tax rate, without exception make that wrong?
A lot of people far more learned than me are for it, and a lot more learned people are against it.
So, what's the deal?