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Poor people pay a lot more taxes overall in relation to their wealth and income than the extra-rich. We have a regressive tax system.
by axlee 5y ago
Poor people pay a lot more taxes overall in relation to their wealth and income than the extra-rich. We have a regressive tax system.
- refurb 5y agoHow do you pay more when the rate is 0% for the bottom 40%?
- 8note 5y agoThere are taxes other than income taxes
- refurb 5y agoEnough to offset the EITC? Most low income folks pay a negative tax rate.
- medvezhenok 5y agoI would consider also consider basic rent & food as sort of a "survival tax" if you will, and count it into the equation. The only useful number is not % tax difference between rich & poor, but % leftover for discretionary spending.
- refurb 5y agoYou might consider those taxes but nobody else does.