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by devmunchies
1854 days ago
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yes, this is why people calling states with no income tax as a "regressive" tax structure seems like a psyop. Income tax taxes people who work for a living. Property + capital gains tax both tax assets appreciation and rent seekers (unless the investment is a high risk venture into a startup or something ambitious). |
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States without income taxes usually rely on sales or excise taxes. In a “high tax” state like New York, poor people don’t pay income tax nor sales tax on food or clothing. (A significant expense) Usually high tax pressure is from property tax.
In a state like South Carolina, you have income tax, but property taxes are very low. They make up for that by taxing food, which results in higher taxation for poor and elderly people.