Re:Killing TurboTax
by masklinn on Thursday March 04, 2021 @02:59AM
(#26339873)
> I agree with you that VAT would be cool to have as the sole tax, though.
I’m sure it’s cool if you’re worth a few millions or above. VATs are highly regressive taxes, though they are also consumption disincentives (essentially luxury taxes on a number of non-luxury, which is why essentials like food tend to be low-rated).
I’m sure it’s cool if you’re worth a few millions or above. VATs are highly regressive taxes, though they are also consumption disincentives (essentially luxury taxes on a number of non-luxury, which is why essentials like food tend to be low-rated).