There’s been some buzz this week about instituting a national sales tax (or value added tax, as the Europeans all it), which would apply to not only goods you purchase, but services, too. Supporters claim it would cut down on income taxes while raising billions to fight the national debt. Opponents counter that it would be regressive, in that those at the bottom of the economic ladder, who don’t pay much in income tax, would be penalized because they spend more on everyday consumables as a percentage of their income.
On KIRO/Seattle, I talked it over the pros and cons with Bob McKenzie of the Center For Tax Justice.
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