No, you pay the more you spend. This incentivizes hoarding wealth in investments.
Flat taxes are regressive. The poor pay a much larger percentage of their disposable income because necessities are a larger percentage of their income.
If someone makes $1k a month and it costs $1k a month to live, how is it fair that we charge them the same amount of tax as someone who makes $2k and spends $1k to live? We’re forcing that first person to suffer so the second person can hoard.
No, you pay the more you spend. This incentivizes hoarding wealth in investments.
Flat taxes are regressive. The poor pay a much larger percentage of their disposable income because necessities are a larger percentage of their income.
If someone makes $1k a month and it costs $1k a month to live, how is it fair that we charge them the same amount of tax as someone who makes $2k and spends $1k to live? We’re forcing that first person to suffer so the second person can hoard.
Thanks for adding this, most people don’t understand that flat taxes hurt poor people more.
Also, essentials for survival really shouldnt be taxed at all in my opinion.