Tag: sales taxes
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Taxing Carbon is Like Taxing Diamonds
A carbon tax would operate much like a diamond tax, for reasons both of demand and supply.
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How a Progressive Tax System Made Detroit a Powerhouse (and Could Again)
In 1995, we encountered a group of economic advisors to Governor John Engler of Michigan, intent on cutting property taxes. We reminded them of California’s 1979 Proposition 13. After Prop. 13 rolled back and froze property taxes, sales taxes reached crushing levels, budget crises became routine, local services collapsed, and public schools fell from the…
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Grover Norquist is Right to Oppose Internet Sales Taxes
As most of us know, sales taxes are “regressive.” That is, when sales taxes are “passed on,” they fall harder on poorer customers than on richer ones. That’s why many states exempt food and medicine, as does New York, (except for restaurant food). But sales taxes are also “passed back” onto retailers and service providers.…