- Nov 26, 2011
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The ideal situation would be to tax consumption, instead of taxing production the way an income tax does.
Of course, a consumption tax would be just as prone to corruption with exemptions as an income tax is. So it would also need a "no exceptions" rule, with a built-in progressivity to it.
Of course, a consumption tax would be just as prone to corruption with exemptions as an income tax is. So it would also need a "no exceptions" rule, with a built-in progressivity to it.
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