AntonToo
Diamond Member
- Jun 13, 2016
- 38,851
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You’re confused…the more one consumes the more tax one pays…there’s nothing more “FAIR” than that.
You do still care about what’s fair…right?
Under consumption taxation:
If you consume 100% of your income, you pay tax on 100% of your income. (thats more like what poor do)
If you consume 50% of your income and invest the other 50% of your income you get taxed on only 50% of your income. (thats more like what rich do)
Clearly such a system would be advatagous to the well off who now pay most of Federal income taxes and more burdensome to low and middle income class that none or low % Federal income tax.
Read above untill you get it.
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