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Whats a flat tax
Whats a flat tax






whats a flat tax

The Baha’i teachings advocate a progressive tax system:įor example, a rich person has a large income and a poor person a small income. Which system do you think is the fairest?

whats a flat tax

The overwhelming majority of the world’s countries have some form of progressive taxation. Progressive taxation, economists and experts agree, reduces income inequality. People with lower incomes pay a lower percentage of their income in taxes-or no tax at all. Most of them are small countries, with two exceptions: Russia and Saudi Arabia.Ī progressive tax system has a graduated rate: the tax rate rises as the taxable amount increases. Thirty-nine countries in the world have flat tax systems. People pay the same fixed percentage, no matter how much they make. You hear this political and policy debate a lot lately: flat tax or progressive tax?Ī flat tax system has one constant marginal rate: the rate stays the same, regardless of income.

whats a flat tax

– Baha’u’llah, Tablets of Baha’u’llah, p. The Great Being saith: In this glorious Day whatever will purge you from corruption and will lead you towards peace and composure, is indeed the Straight Path. O my friend! In all circumstances one should seize upon every means which will promote security and tranquillity among the peoples of the world.








Whats a flat tax