They want to replace a mildly progressive tax with a decidedly regressive tax and make the argument about fairness? You can have an articulate argument about whether income taxes deter economic development. You can have an argument about whether such taxes lead to out migration of people and firms. Heck you can have a philosophical argument about whether society should be able to tax the fruit of your labor (or your trust fund). But you cannot argue with a straight face that replacing an income tax with a broad based sales tax (one that taxes necessities) is fair. That insults people’s intelligence. [David Brunori]
Related Posts
Accountants Behaving Badly: No Jail for PwC Peeper, Guilty Plea for Embezzler, Catholic Church Crook
- Jason Bramwell
- November 25, 2019
Plus, no more lavish lifestyle for part-time accountant, and an accountant gets busted for stealing […]
Share this:
Layoff Watch ’23: PwC UK Needs a Few Hundred People to GTFO
- Going Concern News Desk
- November 7, 2023
Financial Times reported late yesterday that the King’s PwC will cut up to 600 jobs […]
Share this:
Lauryn Hill Pleads Guilty to Tax Evasion, Her Lawyer Blames Her Celebrity For the Circus
- Adrienne Gonzalez
- June 29, 2012
When was the last time we heard a celebrity in tax trouble complain that the […]