Re:Why inequality matters (2014)
by pydry on Monday September 14, 2020 @09:32AM
(#24469899)
It's easier to make income tax progressive with tax bands.
It's orders of magnitude harder to do it with consumption tax. The tax authorities essentially have to form an opinion on the "luxuriousness" of each good. That's a monumental administrative pain.
This is a feature, not a bug, if you come at it from the perspective of somebody creating or exploiting tax loopholes (I.e. you're bill gates).
It's orders of magnitude harder to do it with consumption tax. The tax authorities essentially have to form an opinion on the "luxuriousness" of each good. That's a monumental administrative pain.
This is a feature, not a bug, if you come at it from the perspective of somebody creating or exploiting tax loopholes (I.e. you're bill gates).