I see neither Daveyf or Mistyrains were man enough to admit the error with their complete misunderstanding of regressive taxes.
Everyone makes mistakes but Daveyf was ultra critical of you not understanding when he was the one that had no comprehension. At least HC posters will now understand these two posters a lot better than before!
Daveyf-Im having at crack at you for not understanding misty's BASIC ECONOMIC CONCEPT.... That is one of the first things they teach you in introductory economics and i do not understand how you cannot grasp it...
Mistyrains- "why? 1% is 1%, same for everyone..."
1% of $10 "costs" more to those who have less money than 1% of $1,000.
This is what is meant by the tax being regressive.
