Switching out progressive taxes for regressive taxes, nothing to see here.
People earning under $50,000 actually get double fucked, since they were exempt from the income tax of 4.25% before, and now they will have to pay the new “lower” 3% income tax AND the new sales tax.
While this is regressive and fucked, it looks like lower income people still won’t have to pay income tax:
As part of the legislative package, lawmakers doubled the standard deduction for seniors and nearly tripled the standard deduction for individuals, effectively eliminating income tax on the lowest income households.
Switching out progressive taxes for regressive taxes, nothing to see here.
People earning under $50,000 actually get double fucked, since they were exempt from the income tax of 4.25% before, and now they will have to pay the new “lower” 3% income tax AND the new sales tax.
Fuck you poor people.
While this is regressive and fucked, it looks like lower income people still won’t have to pay income tax: