DavriellelounaUS States that tax groceries
Taxing medicine and food is fucking obscene. At least Florida gets that much right.
In my country we have a flat 25 % tax on anything sold to an end consumer. It’s often mentioned as the most important tax we have to equalise the economy and finance the welfare state.
The point is that, because it’s a flat rate, you end up paying more the more money you have. If you only buy cheap groceries, that 25 % isn’t a huge amount of cash, while if you buy an expensive boat or car, it becomes quite a bit. This turns out to be a great way of ensuring that anyone who wants to “live rich” pays a decent amount for it.
RivalarrivalThe point is that, because it’s a flat rate, you end up paying more the more money you have.
The rich dont spend much of their money on consumer goods. They spend most of their money on investments, financial services, etc.
So when you and I spend nearly 100% of our money on consumer goods, we are paying 25% of our income in taxes. But the richest among us, whose consumer spending amounts to 10% (or less) of their earnings, pays just 2.5% of their income on taxes.
Flat rate taxes on consumer spending are wildly regressive.