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A comment on Why American Workers Pay Twice as Much in Taxes as Wealthy Investors. Parent comment

Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by dogruck on Wednesday September 13, 2017 @02:45PM (#15241326)
Ok, sure, you save your excess income. Then, later, one of two events happen:

1. You spend the savings, and pay consumption tax

2. You die, and pay the estate tax.

[ Parent | on HN ]
Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by jermaustin1 on Thursday September 14, 2017 @08:22AM (#15247205)
The difference is that in an economic down turn, I am protected by my vast wealth, where a poor person has no savings because they spend every dollar they have on necessities.

A consumption tax is always regressive.

[ Parent | on HN ]