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this post was submitted on 20 Aug 2023
705 points (96.8% liked)
Asklemmy
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Income tax
High tax on humans, low tax on companies and property
That's the scam we live in now. We need high tax on corporations. Low Income tax on individuals under 250k. High income tax on everyone else.
I used to think the same thing but it's not really a scam. It's a way to allow low income people to pay less to the government in taxes because they have less to give.
When you move things over to sales tax, high income folks don't end up paying as much as they could because they don't spend the money as aggressively, and low income folks can't afford the bare minimum so you have to either further subsidize them (so you took their money to give back to them?) or deal with the ensuing homeless problem/never ending poverty cycle.
I mean if you want to be all sensible about it, sure.
It’s just a tool. The real scam is that the 1% pay such a low share of their actual income (including capital gains)