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Bingo! No income tax means governing bodies will make up revenue by taxing commerce/sales and property.
by warkdarrior 6y ago
Bingo! No income tax means governing bodies will make up revenue by taxing commerce/sales and property.
- kelnos 6y agoI'm actually curious about the effects of this. Sales and property taxes are nearly always implemented in a regressive manner. Do areas with no income tax but higher sales/property taxes end up having more poor people who are disproportionately hurt by this (as compared to places with income taxes and lower sales/property taxes)? I don't recall ever seeing any research done on this.