Quote:
Originally Posted by wdb
Haven't read the whole thread but gasoline taxes are one of the most regressive taxes out there. It might sound like a nice idea but it only ends up hurting poor folks.
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I'm calling this out again.
It in and of itself might be theoretically regressive in a situation in which someone makes money and never spends it. But everyone who spends a dollar on gas pays the exact same tax.
If everyone has to give 40 cents thats pretty fair. IF we both spend our entire income we both pay the same percentage of tax on it.
The only difference is the aforementioned poor folks aren't also paying in already a 30% income tax. So they pay at worst a 7% sales tax on goods and a 25% sales tax on gas. I pay still 7% sales tax on the money I spend(more) and I pay 25% sals tax on the gas(I drive more so more), then I pay income tax on top of that.
Regressive my foot. I'll trade their combined sales tax value of 12% ish for my 12%ish and my additional 30%.
Still wanna trade?