The income tax is regressive. The rich don’t pay it because their money doesn’t come from a salary. They pay property and capital gains taxes. Income tax hurts the middle class almost exclusively and it shouldn’t exist in the first place.
While capital gains should be taxed, an income tax is far less regressive than things like sales tax, VATs, or property tax on single property dwellings.
The income tax is regressive. The rich don’t pay it because their money doesn’t come from a salary. They pay property and capital gains taxes. Income tax hurts the middle class almost exclusively and it shouldn’t exist in the first place.
While capital gains should be taxed, an income tax is far less regressive than things like sales tax, VATs, or property tax on single property dwellings.
Capitalism shouldn’t exist in the first place.