Is absurd that we essentially have a regressive income tax.
I also wouldn’t ignore the global environment during that period.
During those decades, the US was effectively the only industrialized nation in the world. Everyone else either never had factories to begin with, or had smoldering piles of rubble where their factories used to be.
I found it astonishing that there isn’t even a 0% tax bracket anymore federally. It starts at 10% when you make your first fucking dollar. We’ve gone batshit backwards in this country to the point where we’re trying to get every last dime from poor people so we can almost afford to have buy-borrow-die oligarchs that never pay a penny in federal taxes.
Is absurd that we essentially have a regressive income tax. I also wouldn’t ignore the global environment during that period.
During those decades, the US was effectively the only industrialized nation in the world. Everyone else either never had factories to begin with, or had smoldering piles of rubble where their factories used to be.
I found it astonishing that there isn’t even a 0% tax bracket anymore federally. It starts at 10% when you make your first fucking dollar. We’ve gone batshit backwards in this country to the point where we’re trying to get every last dime from poor people so we can almost afford to have buy-borrow-die oligarchs that never pay a penny in federal taxes.
Technically the standard deduction is the zero tax bracket.
Yep understood but there’s a reason they made the switch and that reason is so they can keep the shit they took out of checks of those who don’t file.
I’m sure they did the math on it, they’re sneaky assholes through and through.
Sales tax as well as VAT are also, by design, regressive taxes.
We turned the planet into a human labour farm.