General Discussion
In reply to the discussion: Internet Sales Tax [View all]liberalmike27
(2,479 posts)I think a lot of people will inveigh against an unjust law like this one, or sales taxes in general.
Just so you'll know, while federal income taxes on top earners, and stock market players have gone down over the last 50 years, our sales taxes have doubled, our gas taxes have gone up. Don't think it is a coincidence either. It boils down to States getting less federal money, from taxes on top income groups once as high as 94% just after WW2, that have now dropped to 28, during Reagan. Then up to 40, down to 35, and back up to 40.
Add to that, people like Mitt have gotten this cushy capital gains rate, when they used to pay much more, even as high as regular income.
Bottom line, while they've been fighting for lower taxes, they've been heaping these opposite indexed poor taxes in ever higher proportion onto the poor. And even worse, that hurts the economy, as if you cut the sales taxes out, for about 80% of us, it would ALL be spend, thus driving the economy.