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Regressive Tax

Grover Norquist is Right to Oppose Internet Sales Taxes

Mary Manning Cleveland | Posted 07.17.2013 | Business
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.

Smokers In NY Spend Quarter Of Income On Smokes

Reuters | Posted 11.19.2012 | New York

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

A Fair Tax for Progressives

Mark J. Perry and Robert Dell | Posted 06.18.2012 | Business
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.

Why Felix Salmon Is Buying A Lottery Ticket

Reuters | Felix Salmon | Posted 03.20.2012 | Money

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...

A Big VAT Lie

Chris Weigant | Posted 05.25.2011 | Politics
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).