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To: BobL

You are thinking in terms of the progressive income tax. VAT taxes hit low and high together.


23 posted on 01/23/2013 8:26:14 PM PST by Tublecane
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To: Tublecane

“You are thinking in terms of the progressive income tax. VAT taxes hit low and high together.”

Yes, they do...but not proportionally, assuming the VAT is applied widely, as the lower classes tend to spend a higher percentage of income money on consumption than the better off...at least according to conventional theory - and the Illegals and others paid under the table get a total free ride today at the federal level, on their cash economy.


37 posted on 01/24/2013 4:22:46 AM PST by BobL
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