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Regressive Tax

Grover Norquist is Right to Oppose Internet Sales Taxes

Mary Manning Cleveland | Posted 05.21.2013 | Business
Read More: Floyd Norris, Internet Sales Tax, Small Business, Grover Norquist, Tax Fairness, Sales Taxes, Regressive Tax, Business News
Mary Manning Cleveland

As most of us know, sales taxes are "regressive." That is, when sales taxes are "passed on," they fall harder on poorer customers than on richer ones.

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Smokers In NY Spend Quarter Of Income On Smokes

Reuters | Posted 11.19.2012 | New York
Read More: New York Adult Tobacco Survey, New-York-Department-of-Health, Video, Cigarettes, New-York-City-Cigarette-Tax, Low-Income-New-Yorkers, Low-Income, Reuters, New York Smoking, New York Cigarette Tax, New York Cigarettes, Tobacco, Regressive Tax, Rti, New York News

By Jonathan Allen NEW YORK, Sept 19 (Reuters) - Poor smokers in New York State spend about a quarter of their entire income on cigaret...

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A Fair Tax for Progressives

Mark J. Perry and Robert Dell | Posted 06.18.2012 | Business
Read More: Ryan Budget, Tax Code, Fair Tax, Fair Tax Paul Ryan, Consumption Tax, Progressive Tax, Tax Reform, Regressive Tax, Business News
Mark J. Perry and Robert Dell

The current tax code destroys wealth and diminishes wealth creation excessively, but it does not effectively tax wealth (in the sense of raising revenue). The FairTax would tax spending from wealth in addition to fostering more wealth creation.

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Why Felix Salmon Is Buying A Lottery Ticket

Reuters | Felix Salmon | Posted 03.20.2012 | Home
Read More: Power Ball, Lottery, Lottery Tickets, Felix Salmon, Lottery Winner, Lottery Winners, Regressive Tax, Home News

Have you bought your lottery ticket yet? The jackpot’s up to $241 million! An interesting thing happens, when the jackpot gets this big: if you a...

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A Big VAT Lie

Chris Weigant | Posted 05.25.2011 | Politics
Read More: President Obama, Deficit Reduction, Obama, Mccain, Democratic, Flat Tax, Paul Volcker, Republican, Reagan, Pelosi, Vat Tax, Grassley, Tax Cut, Nancy Pelosi, Tax Hike, Sales Tax, Vat, Big VAT Lie, John McCain, Tobacco Tax, Tax Increase, Big Lie, Progressive Tax, Democrat, Congress, Nafta, Democrats, Volcker, Commission, Barack Obama, Income Tax, Progressive, Tax, Chris Weigant, Value-Added-Tax, Chuck Grassley, Regressive, Regressive Tax, Senate, Reaganite, Politics News
Chris Weigant

I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).

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