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vkkv

(3,384 posts)

3. A poor person pays a higher tax rate vs income on ALL goods.

Reply to rsacamano (Original post)

Thu Oct 6, 2016, 01:29 PM

Oct 2016

A poor person pays a higher tax rate vs income on ALL goods.

Example: If you make 100 bucks a day and buy a coat for 20 bucks, you're going to pay approximaely an additional 1.70 in sales taxes. = .017 % tax of income. If you make 500 bucks a day and buy the same coat = .0034 % tax of income. So the guy who makes 5 x as much is paying 1/5 of the taxes on that coat vs income = less income tax for the more you make. How are you going to work that into a "flat" tax? Eliminate all taxes but income tax? Good luck with that.

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Highlight:

EPIC VIDEO: Trump Slams Americans Who Don't Pay Taxes [View all] rsacamano Oct 2016 OP

10 Times Donald Trump Bad-Mouthed People for Not Paying Taxes progree Oct 2016 #1

Trump's failure to pay taxes will hurt him Gothmog Oct 2016 #2

A poor person pays a higher tax rate vs income on ALL goods. vkkv Oct 2016 #3

Good job reporting guys. BrainMann1 Oct 2016 #4