Chronology Current Month Current Thread Current Date
[Year List] [Month List (current year)] [Date Index] [Thread Index] [Thread Prev] [Thread Next] [Date Prev] [Date Next]

Re: [Phys-l] taxes (was SOLAR , NUCLEAR ENERGY etc.)



John Mallinckrodt wrote:

Everyone also pays sales tax, but people that spend more pay more sales tax.

....The effective tax rate due to sales tax drops as income rises. That is to say, it is a regressive tax.
This is not a controversial issue among economists, by all accounts.
Poor people spend a big proportion of income on food and household items which
(usually) attract sales tax: richer people find other ways to use their income.

Brian W