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[-] RagingRobot@lemmy.world 8 points 6 months ago

You are in fact just missing something because having no income tax doesn't mean that poor people aren't being taxed. Think of all the other taxes you pay

[-] Vytle@lemmy.world -1 points 6 months ago

...sales tax? I don't believe that that would be higher for lower income individuals, seeing as higher income people would purchase more things that are taxeable than lower income people. The only other tax I can think of is property tax, which again, I would expect to disproportionately be played by higher income people as they are more likely to own property. I'm not saying that taxing the rich is bad, I'm just saying that there is positively no chance that rich people pay less taxes even if you exclude state income tax.

[-] derf82@lemmy.world 6 points 6 months ago
[-] Vytle@lemmy.world 0 points 6 months ago

The cited article is for expenses unrelated to taxes. I would like to reiterate that I am not disagreeing that the system is busted, I'm just pointing out that saying that higher income people pay less taxes in literal tax havens is not possible. If they are only paying for sales tax and property tax, the only individuals who will be paying more taxes are property owners, which because of how fucked the system is, will practically be exclusively higher income individuals. Yes, renting costs more than property tax, but we are talking about taxes. The majority of your rent will not be going back to the government through taxes, but all of your property tax will.

[-] yukoncornelius@lemmy.world 3 points 6 months ago

Basic example to help you understand since it can be a little abstract: I make $1000 a week and buy a TV with $10 in sales tax. That comes out to 1% of my income on taxes. You make $2000 a week and buy the same TV. In your case you only pay .5% of your income for taxes on the same item.

this post was submitted on 16 Apr 2024
786 points (97.8% liked)

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