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If poor people are paying no sales tax and rich people are paying some sales tax, then the tax can be classified as regressive. The more money you make, the mor
by samolang 13y ago
If poor people are paying no sales tax and rich people are paying some sales tax, then the tax can be classified as regressive. The more money you make, the more you spend on non-necessities, the higher your tax rate will be.
- gnaritas 13y ago> The more money you make, the more you spend on non-necessities, the higher your tax rate will be. Wrong measure; the correct question is on what percentage of your income will you pay taxes and by definition being rich means you're spending far less than you make so your taxes go down, massively. That they go up a tiny little bit when you spend some money on non-necessities is meaningless compared to tax free money you're now allowed to save which being rich means most of your money.