Thursday, September 23, 2010

sales taxes

in addition to income tax evaluation, i am also interested in the public's view of increasing the sales tax to generate more revenue and possibly decreasing income tax burden. suppose an increase tax was imposed on milk or other staples. this would affect anyone who shops at the grocery store. this is considered a 'blanket tax' because it affects virtually every consumer. a tax increase on items like alcohol and tobacco would most likely effect lower-income americans, while a tax on inheritance will most likely effect higher-income americans.

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