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Jeff In Milwaukee

(13,992 posts)

5. Not really much of an exaggeration....

Reply to Courtesy Flush (Reply #2)

Mon Sep 24, 2012, 12:20 PM

Sep 2012

My paycheck has three destinations:

Spend it.
Invest it.
Donate it.

If you're poor, virtually everything you earn goes to keeping a roof over your head and food on your table. That's why sales taxes are so regressive.

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Ed Schultz pushes sales tax increase (the most regressive tax) and makes sound like a tax on rich [View all] progree Sep 2012 OP

Surely he meant property taxes, not sales tax? DURHAM D Sep 2012 #1

Nope, very definitely he said sales tax. Though property taxes are also quite regressive progree Sep 2012 #4

OTOH - I am so old I remember when schools were 100% funded by property taxes. DURHAM D Sep 2012 #7

Critics say that leads to very unequal funding of schools - schools in poor areas poorly funded progree Sep 2012 #8

And it also leads to certain cities/areas keeping their property taxes DURHAM D Sep 2012 #9

Wealthier areas don't get funding help from the state, at least in Minnesota. I don't know very many progree Sep 2012 #11

ALL regressive taxes suck because they are regressive and I'm a progressive, just an opinion progree Sep 2012 #12

Low income people spend 100% of their money Courtesy Flush Sep 2012 #2

Not really much of an exaggeration.... Jeff In Milwaukee Sep 2012 #5

Christ, I'm going to have to write a Liberal Manifesto and start handing out membership cards. JaneyVee Sep 2012 #3

Big FAIL Ed. n/t PowerToThePeople Sep 2012 #6

Social security tax is more regressive than sales tax. JVS Sep 2012 #10

Oops, I was thinking of state and local taxes when I wrote big Eddie progree Sep 2012 #13