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No, it isn't. The rate might be flat, but middle class and

Posted on: January 27, 2025 at 18:39:08 CT
SparkyStalcup MU
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poor folks spend almost all of their income just to live. So if say

Citizen A makes $50,000, and spends 50,000 of consumables just to live. If the tax rate is 30%, then Ctitzen A pays an effective tax rate of 30%.

Citizen B makes $200,000, spends the same $50,000 on consumables, and the consumption tax is 30%. B pays $15000 in taxes, or an effective tax rate of 7.5%.

Consumption taxes are very regressive and very unfair.
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Don’t threaten me with a good time Bessent - Bosalphus KC - 1/27 17:44:25
     So basically, tax cuts for the rich paid for by the poor and - SparkyStalcup MU - 1/27 17:50:23
          How would the poor and middle class pay? - Wildcat KSU - 1/27 19:43:09
               Have you read any of this thread? If so, it went way - SparkyStalcup MU - 1/27 21:11:44
                    Did you read what I replied to? - Wildcat KSU - 1/27 22:17:00
          A consumption tax is only paid when you purchase a good or - tigertix MU - 1/27 18:57:59
               RE: A consumption tax is only paid when you purchase a good or - sks MU - 1/27 19:30:40
               Nope, they spend $50k / year just like the poor folk - Bosalphus KC - 1/27 19:05:58
          No it would be a tax rate indiscriminate of income(nm) - El-ahrairah BAMA - 1/27 18:22:10
               No, it isn't. The rate might be flat, but middle class and - SparkyStalcup MU - 1/27 18:39:08
                    It's really dumb to assume equal spending levels (nm) - Bosalphus KC - 1/27 18:44:52
                         And it's more dumb to think the rich and poor both spend - SparkyStalcup MU - 1/27 21:09:48
                    They can fix in two ways - El-ahrairah BAMA - 1/27 18:44:26
                         Can't really spend less if they want to live. Nm - SparkyStalcup MU - 1/27 21:10:33
                         That new iPhone and flat screen aren't going to buy - Bosalphus KC - 1/27 18:45:35
          No, it’s not that (nm) - Bosalphus KC - 1/27 17:57:01
               RE: No, it’s not that (nm) - sks MU - 1/27 18:08:54
                    People can control what they spend money on - Bosalphus KC - 1/27 18:11:17
                         People at lower incomes spend a higher percentage of - SparkyStalcup MU - 1/27 18:31:15
                              You both seem to think the poor can't control their - Bosalphus KC - 1/27 18:44:10
                                   They can control to a small extent what they spend it - SparkyStalcup MU - 1/27 21:08:34
                                   Should the money I spend on - haeffb MU - 1/27 18:59:29
                                        income tax doesn't discriminate on what you spend your - 90Tiger STL - 1/27 19:44:05
                                             It sure doesn’t. - haeffb MU - 1/27 19:50:21
                                                  Then donate more of your own money (nm) - Bosalphus KC - 1/27 20:01:15
                                        Sure why not? (nm) - Bosalphus KC - 1/27 19:05:13
                                   RE: You both seem to think the poor can't control their - sks MU - 1/27 18:53:57
                              RE: People at lower incomes spend a higher percentage of - sks MU - 1/27 18:36:21
                                   Unfortunately it's basically only you and I that understand - SparkyStalcup MU - 1/27 18:40:33
                                        No, this is where you’re wrong. - haeffb MU - 1/27 18:53:36
                                             Says the posters who advocate - Bosalphus KC - 1/27 19:05:33
                                                  You don’t? (nm) - haeffb MU - 1/27 19:12:27
                                                       Of course not (nm) - Bosalphus KC - 1/27 19:17:14
                                                            Roads, schools, police, national defense - haeffb MU - 1/27 19:25:45
                                                                 You seem lost in this thread - Bosalphus KC - 1/27 19:29:37
                                                                      Oh, I see. You just prefer it taken from your wallet - haeffb MU - 1/27 19:44:48
                         RE: People can control what they spend money on - sks MU - 1/27 18:14:55
                              But everybody doesn’t spend the same amount of $$$ - Bosalphus KC - 1/27 18:20:40
                                   RE: But everybody doesn’t spend the same amount of $$$ - sks MU - 1/27 18:27:08
                                        They don't spend money at the same rate - Bosalphus KC - 1/27 18:48:41
                                             RE: They don't spend money at the same rate - sks MU - 1/27 18:52:18
                                                  Of course I do - Bosalphus KC - 1/27 19:04:44
                                                       RE: Of course I do - sks MU - 1/27 19:35:32
                                        And don't forget that state and local taxes are regressive - SparkyStalcup MU - 1/27 18:33:39




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