alt Hacker NewsIt's funny, because sales tax is considered among the most regressive form of taxation we employ from my understanding, which is supported by my econ friends. But I'm certainly not an economist.
It's funny, because sales tax is considered among the most regressive form of taxation we employ from my understanding, which is supported by my econ friends. But I'm certainly not an economist.
Economists argue that they are the fairest because they tax consumption rather than production.
Also everybody pays them, including people that avoid taxes (including criminal activities and tax evaders).
The argument against this is that lower income households pay more of it as a portion of their income thus the consensus is that to be fairest you need rebates and no taxes on many essentials (which is why often medicines or milk, bread etc have very low or no sales tax/rebates).