Friday, January 7, 2011
Sales Tax Hurts the Poor
Earlier this week, FCC member Keith Evans had a great letter to the editor regarding the movement in Missouri to abolish an income tax and put an increased sales tax in its place. He argues well that such a sales tax disproportionally hurts the poorest among us, because they spend a greater amount of their income on basic necessities than do people with higher income. The less income you have the greater percentage of your income is spent each year, resulting in those who can afford it least being hurt the most. Thanks Keith!