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by rb2k_
4831 days ago
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The planet money podcast recently talked about this. One of the reasons: If you're "poor" and you spend 90% of your income on goods, you're getting taxed on 90% of your income. If you're "rich", you spend 10% of your income on goods and just put the rest in other investments. This means that only 10% of your income gets taxed. |
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