Sales taxes are less regressive than flat rated income taxes.
Due to political and accounting difficulties, methods of calculating net incomes that has or may likely to be enacted into federal tax regulations significantly greater understate taxable incomes of wealthier taxpayers. This remains true when considering the actual amounts of understatement or those amounts proportional to the taxpayers’ actual net incomes.
Taxpayers’ purchases’ (rather than any tax forms calculations, proportionally reflect taxpayers’ actual net incomes. Thus general sales taxes (which are usually flat rated), are less regressive than flat rated income taxes.
Respectfully, Supposn
Due to political and accounting difficulties, methods of calculating net incomes that has or may likely to be enacted into federal tax regulations significantly greater understate taxable incomes of wealthier taxpayers. This remains true when considering the actual amounts of understatement or those amounts proportional to the taxpayers’ actual net incomes.
Taxpayers’ purchases’ (rather than any tax forms calculations, proportionally reflect taxpayers’ actual net incomes. Thus general sales taxes (which are usually flat rated), are less regressive than flat rated income taxes.
Respectfully, Supposn