> This is actually a tax on the rich
Nope, it's a tax on everyone. Rich people will pay more of it, but non rich people will be harder hit as % of income. Same as sales tax/VAT.
> This is actually a tax on the rich
Nope, it's a tax on everyone. Rich people will pay more of it, but non rich people will be harder hit as % of income. Same as sales tax/VAT.
The wealthier you are, the more flexibility you have in your purchasing decisions as well. It’s easier to accelerate or delay a big purchase to save 30% when it’s not something you need to live, or can’t afford to jump on a purchase last minute.