SALES TAX FOR THE RICH

Kutner, Robert (2005) Beware of sales tax in the name of simplicity
BUSINESS
WEEK,
16-17


Most sales tax and consumption taxes are regressive, the middle and the
bottom pay more than the very top. However, there may be a move toward
one or both taxes. Or, another way to do regressive taxation is cut taxes
almost completely on estates, dividends, capital gains, savings, and expense
investments.

The president’s taxes paid were announced today. He paid 4 times what
my wife and I paid. However, he made 4 and a fraction more than we did.
That seems fair? Well I am in the 28% bracket as he is. However, we are
still loose change.

 

 

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