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By: Impossibly Stupid
I wish I could continue what I thought was an interesting discussion, but the mods wins. 0 1
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By: Fiercely Independent
Really interesting discussion. I think a few key areas have been skipped though – From a pricing pespective (for a product, or even for a tax if you view the product as some of the resulting services...
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By: Milton Recht
Sales taxes are not a regressive tax, although that is commonly stated in the tax literature. Sellers want to maximize their revenue from the sales of an item and they set prices to achieve that...
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By: Eric
Excellent point about sales tax- In fact, I have observed exactly this effect multiple times in practice. I was living in France in 2010 when a law was passed to reduce the TVA (value added tax) in...
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By: Evan
The difference is that taxes are essentially involuntary. The price of a hot dog is a purchase because you can choose not to buy it at all. However, if there’s a sales tax on hot dogs, that’s a tax...
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By: Stuart
@ Milton Recht You have completely disregarded cost. In your example, what you say is true only if the marginal cost of an additional unit of the item is zero. How much of a tax is paid by a supplier...
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By: SAO
While measuring progressivity is nice, you also need to look at how easy a tax is to dodge. I’d bet the effect of a wealth tax would be to get the wealthy to invest stuff that isn’t taxed, but has a...
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By: Tom G
Let’s consider excise vs sales tax. Let’s say gasoline in CT has an 18 cents-per-gallon excise tax. But if gasoline had a 5% sales tax, the tax on a $4 gallon of gas would be 20 cents, the tax on a $3...
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By: Eva
I disagree with your assessment of Estate Taxes in the US. Wouldn’t you have to take into account the amount of wealth the person already owns? See your example of the Tobin Tax where you link it to...
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