The Cellar - View Single Post

Happy Monkey · 07-14-2004, 05:48 PM

A true flat tax is in effect regressive. Taking 15% of minimum wage is much more of a burden than taking 15% of $500,000.

And the superwealthy have the vast majority of their income in capital gains and dividends, while the poor are lucky to have a minimal retirement account set up, the taxes on which are deferred until retirement, anyway.

07-14-2004, 05:48 PM	#27
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	A true flat tax is in effect regressive. Taking 15% of minimum wage is much more of a burden than taking 15% of $500,000. And the superwealthy have the vast majority of their income in capital gains and dividends, while the poor are lucky to have a minimal retirement account set up, the taxes on which are deferred until retirement, anyway. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]