You pay sales taxes on every eligible purchase; most, every day, purchases are taxed. The less you earn the higher the percentage of your income is consumed by sales taxes.
You own, or are purchasing, a home (condo, house, adu, etc...) it's not cash unless you sell it, but you pay property taxes on it, every year.
If you own, or are buying, a car (truck, etc...) it's not cash unless you sell it, but you pay taxes on it every year.
If you own stock, equity, in any company... it's not cash unless you sell it; there are no taxes on that stock till you sell it.
None!
Yet, if you borrow money, up to the entire market value of that stock, there's still no taxes; even as you're cashing in!
This is how wealthy people accumulate and spend enormous amounts of money with out ever having to pay taxes.
This, and thousands more pages of tax law, is how poor and middle class people subsidize the rich here in the United States of America.
These are the 1% that own the Republican criminal syndicate (RCS). Unlike Musk, they hide behind the curtain and pull the strings that control the RCS; control the grifting, pathological liar that was 45, and is now, the 47th president of these United States of America.
45 should have been impeached, convicted and banned from holding any public office, ever again. See: Section 3 of the 14th Amendment to the Constitution. The self-centered, cowards of the RCS, that should have done this, are terrified of being swept out of office by primary opponents, funded by the money of the wealthy oligarchs hiding behind the curtains; puppet masters of the RCS.
If you voted for these two administrations (45 & 47) then you are the gullible fools that the 1% and the RCS depend upon; conned gratulations!
Wednesday, April 2, 2025
How Poor and Middle Class Wage Earners Subsidize the Wealthy 1%
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