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Not sure how this would play out in the real world, but a flat tax on 'disposable pay' would be slightly fairer than a flat tax on total pay. A poor person may spend nearly all their money on basic living essentials such as housing and food, being left with little to no leftover pay for extras. A tax on disposable pay would be far less crippling than a flat tax on total pay for this example person. A rich person has an absurdly greater amount of their income as 'disposable income' due to their basic living costs being so much lower as a % of income compared to the poor. Though the pay disparity is still so great you'd probably need some sort of logarithmic tax escalator linked to high pay to keep the tax paid burden on the rich close to that paid by the poor, even with this system.
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Oct 20, 2011