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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by vkou on Sunday September 27, 2020 @02:41AM (#24604696)
Washington derives all of its tax revenue from things that don't appear on your paystub. Property taxes and sales taxes. Because it's not saddled with Prop 13, it can actually collect property taxes at its posted rates.

This does, however, mean that it has one of the most regressive tax regimes in the country.

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