Re:Hong Kong: UK makes citizenship offer to residents
by soheyl on Thursday July 02, 2020 @01:04PM
(#23715336)
Fixed rate sales tax is regressive. A loaf of bread, a car, and a yacht should not be taxed at the same rate, and not only because of the demographic of the buyers, but also because of the introduced externalities.
Variable rate sales tax on the other hand is more progressive than any income tax.
Variable rate sales tax on the other hand is more progressive than any income tax.