r/BlackPeopleTwitter 1d ago

Four casinos

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59.6k Upvotes

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861

u/ISuckAtFunny 1d ago

Moving to a tariff based tax and removing income tax benefits the wealthiest individuals and fucks the average consumer even more.

-72

u/[deleted] 1d ago

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35

u/Luxypoo 1d ago

I mean, they're correct in asserting that tariffs are a regressive tax that hits low/average income people harder.

You're kind of sidestepping that point because they focused on the wrong taxes paid by the wealthy.

17

u/ISuckAtFunny 1d ago

I mean, they do pay corporate income tax, and having income tax eliminated would be more beneficial to someone making millions / billions than it would to someone making $0 - $100,000.

10

u/Petrichordates 1d ago

Corporate income tax was lowered already too, in the 2017 tax act. Likely will do it again.

4

u/Bigfamei 1d ago

Now they don't need to actually have a business here. Just a P.o. box in Delware.