Progressive tax vs. flat tax: Is it wrong to call progressive taxation this?

  • Nothing progressive here

    The gains that might be, theoretically made by having a progressive tax is slashed aggressively by the massive amount of waste associated with the complication and administration of said tax, and a flat tax would allow people to do their taxes far easier while closing many of the current loopholes.

  • No, progressive tax is just that

    Progressive tax is named so because it allows the government to take a larger chunk out of the paychecks of those who do not need them as badly. The utilization of money has diminishing returns, and as such, collecting large taxes from larger sums of money will be less harmful to those the tax is taking away from. This can be seen as a very progressive way of doing things.

Leave a comment...
(Maximum 900 words)
No comments yet.