Posts Tagged ‘Tax Policy’
The Supremes
Opponents of healthcare reform (PPACA) contend it’s unconstitutional, as it forces us to buy health insurance or pay a fine. But is it? Suppose the IRS raised our taxes by the penalty amount, then gave everyone with insurance a deduction equal to the penalty? This would be functionally equivalent to the PPACA tax provisions. It’s…
Read MorePolitics of the VAT
Democrats fear a Value Added Tax because it is very regressive. (That means the poor pay more taxes as a proportion of their income than the rich). Republicans fear a VAT because it can easily raise lots of money — just look at Europe. But, once Republicans realize it is regressive and Democrats realize it…
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