Comment on What is the argument for making poor/working class folks shoulder the burden of taxes?
ultranaut@lemmy.world 1 month ago
If you are talking about federal income taxes, they are actually progressive. The vast majority of the money collected comes from the top 50%, the 1% pays something like 25% of the total just by themselves. Its why Republicans and billionaires bitch about it so much and want to eliminate the federal income tax. In reality poor people are mostly impacted by sales taxes, and that’s because of the basic economics involved that make sales taxes inherently regressive.
Treczoks@lemmy.world 1 month ago
The problem is creative tax application AKA tax evasion. Somehow, rich people manage to pay way below what one would expect in relation to their income.