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In reply to the discussion: Depardieu says he paid 85% of his 2012 income to taxes [View all]mainer
(12,555 posts)24. I'm trying to come up with a calculation for this to happen
but I'm having trouble. A very poor person with almost no income would indeed pay sales taxes but in many states, food is tax-free. To pay 85% of your income in sales tax/use taxes would mean your income is so low that you're getting federal or state support for Medicaid or food stamps.
If you purchase $20,000 of items in a year and paid 5% sales tax on that, it amounts to $1000 in taxes. For that to be 85% of your income, it means you're only making about $1300 a year. Which means you're getting federal/state subsidies to survive, which cannot be considered income but which actually means you're getting a net back from the government.
Help me come up with the scenario of "many low-income people" paying 85% in taxes.
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RWNJ Sarkozy supporter. Meanwhile, France subsidizes the movie industry which allowed him to
JaneyVee
Dec 2012
#1
Better than Romney, who dodges taxes, yet keeps his passport and SS card...
Barack_America
Dec 2012
#8
I'm sure there will be lots of movie offers for him in France once he renouces
LiberalFighter
Dec 2012
#13
they got tax breaks to invest in new equipment and so on--it worked to keep infrastructure going
librechik
Dec 2012
#41
Yup, because being limited to only $100M just isn't enough. WTF is wrong with these people? n/t
Egalitarian Thug
Dec 2012
#21