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wolverine876
864 days ago
> relatively higher income tax is worse for poor people
How is it worse for poor people?
1 comments
dillydogg
863 days ago
Poor people spend more of their income on things that have sales tax. In other words, someone who is worried about their 401k is probably spending less of their income each month by percentage compared to someone living paycheck to paycheck.
https://itep.org/whopays-7th-edition/#sales-and-excise-taxes
link
https://itep.org/whopays-7th-edition/#sales-and-excise-taxes