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A comment on Buy, Borrow, Die – Explained. Parent comment

Re:Buy, Borrow, Die – Explained by 2Gkashmiri on Sunday September 01, 2024 @06:07AM (#41415635)
Dont know about the US but in India, you pay sales tax on EVERYTHING you buy. Doesn't matter you are rich or poor. You pay this tax.

Want to buy an expensive car? Prepare to pay upwards of 100% car value in taxes.

Same for cigarettes. Around 200% tax just to give 2 examples.

Now, you "can" save your income tax by sleights of hand, by showing more expenses than actual or by misreporting things but still, you dont always get to pay 0 tax. That never happens.

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Re:Buy, Borrow, Die – Explained by addandsubtract on Sunday September 01, 2024 @08:07PM (#41421378)
Sales tax impacts poor people more than it does rich people, though. Sure, everyone is paying it, but if all the money you make each month is spent on food and living, than ALL of that money was taxed. Whereas a rich person might only spend 10% of what they make each month, and so only 10% is taxed.
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