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Sales tax is a tax that hits low income households harder, since they consume a higher portion of their income. And it's impossible to have a progressive sales
by mzi 4y ago
Sales tax is a tax that hits low income households harder, since they consume a higher portion of their income. And it's impossible to have a progressive sales tax.
So switching from income tax to sales tax would transfer money from the relatively poor to the relatively rich.
- rcoveson 4y ago> And it's impossible to have a progressive sales tax. It may not have been done before but it's not impossible, right? You pay 5% on the first 10k you spend in a year, 12% on the next 30k, 20% on the next 50k, etc.
- galangalalgol 4y agoAren't luxury taxes and exemptions on necessities an attempt at this as well?
- mzi 4y agoHow would you enforce that? Track every purchase and attribute it to the correct taxable entity? That would mean no more cash. If I send my kid to buy groceries, is that sales tax on the kid or me?
- fomine3 4y agoJust give negative income tax?