Monday, August 06, 2007

More on Consumption Taxes

Here is a little policy brief on replacing the payroll tax (as opposed to the income tax) with the consumption tax from Maya McGuineas of the New America Foundation. Anyhow, she presents some interesting ideas as to how one can embed progressivity in such a tax through progressive rates and exemptions. That said, I still owe Archduke F.F. a better crafted response to his charges against the consumption tax than my glib exemption response.

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