Originally Posted by cutthemdown
BS rich people pay state income tax and sales tax also.
They don't pay ****ing income tax anywhere
if they get their money from capitol gains, idjit.
As for sales tax, they pay a pittance because they spend nowhere near the same % of their income as regular folk do. Most people spend nearly 100% of their income each year (see the savings rate figures). This means they pay very close to the full sales tax rate.
The upper 1% don't spend anywhere near 100%, meaning they pay an equally tiny amount in taxes compared to their income.
Seriously. This is not a ****ing hard concept. Are you really this daft?