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.

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

Our current tax system is progressive because we pay the same rate within each tax bracket. Only the portion of income that falls into a higher bracket is taxed at the higher rate, not the entire income.

Anyone who tells you it’s not fair either doesn’t understand taxes or is lying to you.

That would be true if there weren’t tons of loopholes and advantages for anyone with money enough to hire experts to find them