Problems with Progressive Taxes November 30, 2012Posted by federalist in Taxation.
Never mind the principled arguments against progressive taxes. Somehow these practical arguments made it into the NYTimes(!):
[T]he United States already has one of the most progressive tax systems in the developed world….
Progressive taxes make it hard to raise money because they distort people’s behavior. They encourage taxpayers to reduce their tax liability rather than to increase their pretax income.