True Cost Economics is currently creating a sizable ruckus in the academic world, and its value as a system of thought is starting to be recognized by the economic establishment. -- Brendan Themes Go there >>True Cost Economics
Combined with the fact that sales tax is tied to consumption rather than income, this leads some to the conclusion that low-income individuals and families pay a greater proportion of their incomes in sales taxes, therefore sales tax is regressive. You're supposed to read regressive as unfair.
Sales taxes vary according to the taxable status of the merchandise and customer and can differ according to location. The 4 percent sales tax went into effect October 1st in an attempt to collect more revenue to help close the budget gap. Sales tax is a government tax on each item sold. Sales taxes vary according to the taxable status of the merchandise and customer and can differ according to location. The 4 percent sales tax went into effect October 1st in an attempt to collect more revenue to help close the budget gap. Sales tax is a government tax on each item sold. Collins English Dictionary.