A national sales tax is a regressive tax
Posted on: October 5, 2018 at 13:00:59 CT
MrBlueSky MU
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and would disproportionately impact the poorest Americans. It would need to be something like 23-28% to make up for the revenues lost by eliminating income tax.
But, who cares right?
I think the brackets where they were before the GOP cuts last year were fine, but there should have been one more bracket added at the top at about 42-44% for those earning 2 million a year or more.