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In Reply to: RE: Who was "McKinley" anyway? posted by tomservo on January 29, 2025 at 07:49:45:
I.e. regressive forms of taxation such as sales taxes and tariffs tend to be most burdensome to lower-income folks.
Tariff only luxury items would make them less regress but would have to be much higher to generate as much revenue. I doubt tariff like that are what the new administration has in mind.
NOT the 51st state, eh!?!
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Follow Ups
- Yes, tariff are a inherently regressive form of taxation - Feanor 01/29/2510:28:54 01/29/25 (1)
- 25% starts tomorrow - emailtim 14:39:09 01/31/25 (0)