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All tax is like this. The rich can always find and lobby for creative loopholes. It’s usually the lower middle class population that gets shafted, and bizarrel
by fooker 2y ago
All tax is like this. The rich can always find and lobby for creative loopholes.
It’s usually the lower middle class population that gets shafted, and bizarrely the activists among them keep fighting for the government to impose more taxes.
- jerlam 2y agoKnowing California, there will probably be yet another carve-out for people in the lowest income category. But it will require them to fill out more paperwork and increase the workload for an already large state bureaucracy, and be poorly advertised so that even more resources are spent to get the message out. For what is probably not a lot of money compared to the spiraling cost of housing. Activists will pat themselves on the back for a job well done, ignoring the larger problem. The rich will figure out a way to make these taxes not apply to them, just like how many take advantage of expensive new EV subsidies, solar generation subsidies, or property taxes. And people wonder why the middle class keeps on getting smaller.
- Tiktaalik 2y agoNo activists fight for taxes that would target the wealthy, such as capital gains taxes and wealth taxes and are shut down by established wealthy interests.