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  1. #1
    Nobody expects the Senior Member Lemur's Avatar
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    Default Re: Wealth distribution

    Quote Originally Posted by Pannonian View Post
    [A FairTax] has been noted as working against the poor as the tax paid on necessities is a much bigger slice of their overall resources than that paid by the rich.
    There are actually terms for this.

    A tax that gets smaller as more wealth is involved is called a regressive tax.

    A tax whose marginal rate increases as more wealth is involved is called a progressive tax.

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