politics

The issue with flat taxes is that, while they apply the same rate to all income levels, their impact is often regressive. Lower-income individuals end up paying a larger share of their disposable income compared to higher-income individuals.

Why is everyone so against a flat tax for everyone ? 

5% across the board,  no tax codes to help someone cheat, nothing else. You just pay 5% whether you make $1000 or $10,000,000,000.

builder of Arks

The issue with flat taxes is that, while they apply the same rate to all income levels, their impact is often regressive. Lower-income individuals end up paying a larger share of their disposable income compared to higher-income individuals.

https://x.com/thecavedaddy/status/1900341472378896440?s=46

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi

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You earn more, you should pay more.

But also, the wealthy *should* have to pay more in raw tax dollars, as they gain disproportionately from the stability, infrastructure, and economic environment those taxes sustain. Their ability to generate wealth is deeply intertwined with publicly funded systems. 

Companies like Amazon would not be where they are today without publicly funded infrastructure, a workforce who was educated in public schools, social programs supporting their employees whom they pay below a living wage, etc. 

They have exploited the system for personal gain, and they should pay. Trickle down economics is a fallacy.

Sometimes filmmaker/artist. Often up in arms. Big dreams/little bags. Crypto true believer. 

We don’t have a flat taxes for income but yes with sales and similar other taxes