Math & YOU | 5.1 Flat Tax & Political Philosophy

5.1 Flat Tax & Political Philosophy

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Note in the solution to Example 4(b) that property tax for some Americans is regressive. For instance, this tax becomes regressive for older taxpayers with fixed incomes living in homes purchased many years earlier that currently have high reassessed real estate values.
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Checkpoint Solution

Sample answer:

I disagree. Estate taxes are progressive taxes, not regressive taxes. Farms account for a small percentage of estates that exceed the exclusion amount.

( Source: Calculating Estate Tax Liability )
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Guest 1 decade ago |

There are some great articles about taxes at www.ntu.org, the National Taxpayers Union.

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Ron Larson (author)1 decade ago |

I think the graph on page 205 is fascinating. Here are three of the most common types of taxes: one is regressive, one is flat (or proportional), and one is progressive (or graduated).

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