inclementimmigrant@lemmy.world to politics @lemmy.world · 1 day agoTrump Continues To Push Idea Of Replacing Income Tax With Tariffswww.forbes.comexternal-linkmessage-square60fedilinkarrow-up1210arrow-down14
arrow-up1206arrow-down1external-linkTrump Continues To Push Idea Of Replacing Income Tax With Tariffswww.forbes.cominclementimmigrant@lemmy.world to politics @lemmy.world · 1 day agomessage-square60fedilink
minus-squarekryptonianCodeMonkey@lemmy.worldlinkfedilinkarrow-up3·12 hours agoOk, so yes, more ultra rich may pay a little more tax than they would with income tax. But, the much more important part here, the poorest people will ALSO pay more in taxes, money that they do not have to spare. That is what makes it regressive.
minus-squarethe_crotch@sh.itjust.workslinkfedilinkarrow-up2·11 hours agoThat’s a good point. I forgot there were people who weren’t paying any income tax at all at the lower end of the wealth spectrum.
Ok, so yes, more ultra rich may pay a little more tax than they would with income tax. But, the much more important part here, the poorest people will ALSO pay more in taxes, money that they do not have to spare. That is what makes it regressive.
That’s a good point. I forgot there were people who weren’t paying any income tax at all at the lower end of the wealth spectrum.