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So enact a hugely regressive tax that hits poor people the hardest as a percent of income, while lets rich people accumulate obscene wealth tax free? That’s wha
by mint2 3y ago
So enact a hugely regressive tax that hits poor people the hardest as a percent of income, while lets rich people accumulate obscene wealth tax free? That’s what funding everything with sales tax does.
- landemva 3y agoPoor people don't have mortgage interest deduction and other tax deduction acrobatics, so poor people are harmed today. And removal of paycheck W2 withholding would be a take home pay increase. The tax prep sites and government paper pushers would have to find something else to do for work. The corporate income tax could remain, if you like.
- thrashh 3y agoThat has nothing to do with the deductions they get now? If W2 withholding was removed, people who have more take home pay then go into debt when taxes were due.
- landemva 3y agoTo clarify, I suggest remove the personal income tax so there is no need for W2 withholding. Replace with a sales tax, with basic necessities having zero rate sales tax.
- mint2 3y agoPoor people are harmed by the loopholes not the inherent principles, so instead of fixing the loopholes the proposal is to move a plan that inherently hurts poor people, no loop holes needed. Wow what a great plan.