Post
Topic
Board Economics
Re: Paying off the national debt with rich people's money
by
fillippone
on 22/03/2025, 17:30:21 UTC
the elites are suppose to pay tax rates of like 37% yet the tax code has so many loopholes the elites end up only paying 2% gesture amount, just to say they are paying tax

the best thing would be to rip up all the tax codes and make a new tax code that just has a flat rate of 12% that everyone pays, without any exceptions or loopholes


In theory tax rates should be progressive, or the rate should be higher for wealthier people.
A flat rate wouldn't be progressive.
The reality is the current system is regressive.
Only the poor people pay taxes, this is true everywhere.
Inflation is the main reason why the system is regressive.