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by wolverine876 864 days ago
> relatively higher income tax is worse for poor people

How is it worse for poor people?

1 comments

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