As of 2015, at least 41 countries—including most of the formerly centrally planned economies of Central and Eastern Europe and Eurasia—use a flat personal income tax. Show that if each person is allowed a “personal deduction” where the first $10,000 earned by the person is untaxed, the flat tax can be a progressive tax in which rich people pay a higher average tax rate than poor people.
As of 2015, at least 41 countries—including most of the formerly centrally planned economies of Central and Eastern Europe and Eurasia—use a flat”
by | Mar 12, 2022 | Uncategorized
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