>> Simplified taxes does not have to mean lower taxes. You're conflating 2 issues.
When did I suggest lower taxes? I suggested sales tax increase which would offset removal of personal income tax.
When did I suggest lower taxes? I suggested sales tax increase which would offset removal of personal income tax.
If you're poor you're paying a high percentage of your income on this sales tax.
If you're not poor a much smaller percentage will be towards sales tax.
Rich people have investments and that is not income for tax purposes if it is correctly set up. For many rich, they have escaped from W2 taxes on income. "Income" according to the personal income tax code of IRS.
Poor working people, and middle class, have IRS income. The rich have investments and trusts and LLCs and loopholes.
Capital gains on investments are taxable as well, although some people can defer paying capital gains taxes simply by not selling until they need to. That does not avoid taxes, but rather defer them until later.
If anything "the rich" are subject to additional taxes, notably estate taxes. Irrevocable trusts can be used to reduce estate taxes, but do not reduce income taxes except by having a different person (the trust beneficiary) pay taxes on trust income.