Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by varispeed on Monday April 05, 2021 @12:39PM
(#26701249)
My original point is that corporation do not pay as much tax as they should. The come down from progression should be gradual - as corporate tax holes are plugged, the higher tax rates could be reduced. So that wouldn't affect the poor. It only slightly changes who pays for it.
Alternatively, you can cut government spending, which normally means cutting services that disproportionately affects the poor.
Either way, moving from a progressive tax to a flat tax is a guaranteed net negative for the poor.