Everyone paying the same percentage is regressive. That means that the poor are hit the hardest because they have no money left over after paying for essentials. The percentage of their budget is more onerous. In my budget, taking an additional percentage over the amount most people make is a way to raise funds without taking food from my table. I have excess. The poor do not. I can still work hard and make more money and profit. The extra taxes do NOT take away that incentive since I am only taxed on my income ABOVE a set level.
__________________
AOII
One Motto, One Badge, One Bond and Singleness of Heart!
|