Time for a progressive medicare levy – Australia Institute discussion paper

 

The paper explains the concepts ‘progressive’, ‘regressive’ and ‘flat’ taxes. Progressive taxes involve redistributing resources from the rich to the poor are generally regarded as improving society’s overall wellbeing. The opposite—proportionately from the poor to the rich—is ‘regressive’ and undesirable while a ‘flat tax’ is neither one nor the other. The paper present a graphical analysis to show how two examples work; the progressive income tax and the flat Medicare levy.

(Source: The Australia Institute)