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CohoMike's comments
Posted Wed, Aug 6, 11:15 a.m.
Sales tax to 12% or more: Our regressive sales tax inevitably is headed into the teens. Simple reason: It applies to a part of our economy that while growing in nominal terms is shrinking in relative terms or share. It is as simple as goods versus services. The latter is ...
MOREPosted Mon, Dec 31, 11:17 p.m.
Sales tax to 10%: Get ready for a 10% sales tax, folks. The reason is simple. An ever-smaller share of the economy (stuff you can touch) is subject to the sales tax, while an ever-larger share of the economy (services) is exempt from sales tax. An ideal tax has a ...
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