Consumption taxes vs Income taxes… // Dave Finet

I’d like to thank Mr Wolf for reinforcing my point with his informative email.  The difference between consumption taxes (as most of the taxes he mentioned ARE consumption taxes) and income taxes is EXACTLY the reason that some STATES don’t even collect income tax!

http://www.howmoneywalks.com/consumption-tax-vs-income-tax-why-more-states-are-opting-to-collect-consumption-taxes-only/

Consumption taxes are more progressive than income taxes and (in the East Lansing situation) don’t punish “non-residents” for East Lansing’s financial mismanagement and force them to pay for anyone else’s “quality of life”.

So, yes, compare all you’d like… but … Read more →

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