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59 sats \ 3 replies \ @0xbitcoiner 28 Feb \ on: A Few Thoughts About Replacing the IRS with Excise Taxes and Tariffs econ
So, suddenly I see that there could be a big impact for people with low income.
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22 sats \ 2 replies \ @Undisciplined OP 28 Feb
And that's before considering the rebate part of the proposal.
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36 sats \ 1 reply \ @0xbitcoiner 28 Feb
I don't get it
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40 sats \ 0 replies \ @Undisciplined OP 28 Feb
The proposal in Congress includes rebate checks that would go out to households based on how many people live in them. The point is to offset the higher prices they're facing at the grocery store, to an extent.
Conceptually, that makes this more of a tax on luxury spending than a true general sales tax.
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