• 667@lemmy.radio
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      5 days ago

      If one earns $10,000 per year, a $2,000 annual tax is 20% of annualized income.

      If one earns $100,000 per year, it’s 2%.

      The less one earns, taxes are a greater proportion of total income.

      Often, flat tax concepts come (or should come with) tax exemptions for actual low-income folks.

      • militaryintelligence@lemmy.world
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        4 days ago

        A flat tax would be a set percentage of total income. It would cause the rich to pay more since they wouldn’t have their deductions and loopholes, that’s why there’s so much bullshit propaganda against it.

        • mrcleanup@lemmy.world
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          4 days ago

          Even if it works exactly like that, let’s say you are poor and barely make enough to live, you still have to give 20% (as an example) to the government, even if you are fucked after and can’t pay rent or buy food. If you make 20% more than you need, you end up with nothing left after. Rich people may end up paying more, sure, but a flat tax still screws over the poor as a rule unless there is some provision that it only starts after X income, and you know that threshold will always be set too low.