Re:The carried interest loophole survives again
by lotsofpulp on Tuesday August 23, 2022 @09:08AM
(#32564367)
> Yes — the nominal amount spent is a different fraction of their income for different income brackets, leading to a regressive tax.
I am not understanding this. Why would we care what the percentage of tax paid is as a proportion of income? Poorer people have already been helped by reducing sales tax rates for the amount of spend needed to ascertain a certain quality of life. If they choose to spend more, and a higher income person chooses to spend less, why would society care that the lower income person pays more as a percentage of their income?
I am not understanding this. Why would we care what the percentage of tax paid is as a proportion of income? Poorer people have already been helped by reducing sales tax rates for the amount of spend needed to ascertain a certain quality of life. If they choose to spend more, and a higher income person chooses to spend less, why would society care that the lower income person pays more as a percentage of their income?