Regarding Taxes

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1 total messages Started by utzooutcsrgvchris Fri, 11 Feb 1983 01:31

Author: utzooutcsrgvchris
Date: Fri, 11 Feb 1983 01:31

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	Any tax can have loopholes; in theory, however, income tax is
progressive and fixed rate tax is regressive. Please use these names
properly; they have a meaning in economics apart from their immediate
intuitive meanings (like, huh, progressive sounds Good, eh?)
	To drive the point across to people like Steve Tjiang, a tax
of 20% on someone earning $14,000 /annum and %50 on someone earning
over $100,000 /annum is PROGRESSIVE. Loop holes are used to bring down
a gross income into a taxable income; the tax after that is PROGRESSIVE.
	Of course a fixed rate tax is regressive; if you don't understand
why, then you cannot do arithmetic and probably should not be allowed to
mix with real people (tongue in cheek; no flames about real people, please!).
		Chris Retterath.

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