Income tax vs VAT

Income tax vs VAT
by JackMack (2024-02-17 20:50:47)

In reply to: Well posted by ufl

Is a VAT considered regressive, progressive, or neutral? I honestly don't know, but my gut says "neutral" since it's based on consumption, not income. What's the expert view?

Replies:

Regressive since low income folks - ufl 2024-02-17 20:54:49
- Not if all transactions are taxed - 88_92WSND 2024-02-20 20:39:43
  - All transactions? You envision a VAT were we tax saving? - ufl 2024-02-21 08:19:50
    - You said "taxable goods". If I remember correctly - 88_92WSND 2024-02-22 20:32:41
- Thanks - JackMack 2024-02-18 09:59:43