Posted by bronxcheer on 10/2/2020 4:15:00 PM (view original):
SOAK EM'
I would imagine you're talking about those with more $. If they spend $100,000 on luxuries and pay $40,000 in taxes, isn't that "soaking" them compared to the person who spends $25,000 on luxuries and pays $10,000 in taxes? That's 4 times as much in taxes. If they spend $500,000 and pay $200,000 in taxes, it would be 20 times as much. (I've explained I favor a flat luxury sales tax over any income tax many times, so that's the example I used.) EVERYBODY pays the same rate, but those with more luxury spending pay (much) more. Been waiting to hear something "fairer" than that for over 35 years. Certainly wouldn't expect to hear anything from this group other than "Take it from the rich, they can afford it.", which is total BS (and this is from a guy who's household income is well under $100,000). Honestly don't see how anyone can see different tax rates (with ALL loopholes eliminated) for different people as "fair". That's incomism.