this post was submitted on 28 Jan 2026
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Anarchism

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[–] lime@feddit.nu 1 points 10 hours ago

if i specifically were to earn 277k that's currently taxed 48% in the system we use, and if we got rid of our progressive brackets it would be taxed at 33%. but we're not talking about specific countries, we're talking about removing progressive taxation from a hypothetical economy to replace in with... what? flat rates?

progressive taxation is an umbrella term for a bunch of systems all over the world. the only thing in common is that as income goes up, so does the percentage of it you need to pay in taxes.