Re: Flat Tax Pros & Cons
Once again, you’re confused.
You’re conflating the ‘percentage rate’ with the ‘percentage of income’. Yes the percentage rate is the same. However, the percentage paid of one’s income is different.
I wrote:
“those with lower discretionary income pay a much higher PERCENTAGE of their income in taxes, and those with higher discretionary income would pay a much lower PERCENTAGE of their income in taxes.”
BTW, looks like you did fine in your math classes. It’s those reading classes where you must have been napping.
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