• 667@lemmy.radio
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    2 months 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.

    • guldukat@lemmy.world
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      2 months 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.