Mildly Interesting

21742 readers

164 users here now

This is for strictly mildly interesting material. If it's too interesting, it doesn't belong. If it's not interesting, it doesn't belong.

This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh.. what do we know?

Just post some stuff and don't spam.

founded 2 years ago

MODERATORS

marcar@lemmy.world

WhatsHerBucket@lemmy.world

151

U.S. States that have a sales tax on groceries (lemmy.world)

submitted 2 days ago* (last edited 2 days ago) by Davriellelouna@lemmy.world to c/mildlyinteresting@lemmy.world

25 comments fedilink hide all child comments

Source: https://www.kcur.org/news/2025-04-30/state-sales-tax-grocery-store-food

you are viewing a single comment's thread
view the rest of the comments

[–] Rivalarrival@lemmy.today 14 points 2 days ago

The 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.