regressive

  1. S

    Tax cuts and jobs act.

    H.R. 1, “Tax cuts and jobs act”: Within the proposed “Tax Cuts & Jobs Act”, the populist proposal doubling the standard deduction is of conspicuous merit, and eliminating the alternative minimum tax would be contemptible. (Increasing the standard deduction would be further improved if it...
  2. S

    FICA is our most regressive tax.

    FICA is our most regressive federal tax. The FICA tax is only levied upon employment derived incomes, (i.e. wages). All wages are incomes, but all incomes are not wages. Statistically, the legal, (i.e. “on the books”) wages of the working-poor are effectively their entire earned incomes...
  3. S

    Sales taxes are less regressive than flat rated income taxes.

    Sales taxes are less regressive than flat rated income taxes. Due to political and accounting difficulties, methods of calculating net incomes that has or may likely to be enacted into federal tax regulations significantly greater understate taxable incomes of wealthier taxpayers. This remains...
  4. myp

    The flat (income) tax is a regressive tax

    Just wanted to put that out there since it seems like a lot of people still don't seem to understand that. There are two simple explanations behind it: 1) Value is subjective. A dollar to a rich person is not worth the same as a dollar to a poor one. 2) The above can really be summed into...