All transactions? You envision a VAT were we tax saving?
by ufl (2024-02-21 08:19:50)
Edited on 2024-02-21 10:43:34

In reply to: Not if all transactions are taxed  posted by 88_92WSND

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People with low incomes save less. That's the basis for the regressivity.

Yes. I guess you could wed a negative income tax to a VAT and claim that the combination is less regressive or not regressive but the VAT part is still the VAT part.

You said "taxable goods". If I remember correctly
by 88_92WSND  (2024-02-22 20:32:41)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

the concept from the mid-90s under the "Fair Tax" label did not have a 'non-taxable goods' category. If you bought something, the transaction was taxed. If you paid for a service, the transaction was taxed.

Monthly Universal Basic income voucher pre-pays the cost of basic goods and services, so low income has a net zero tax burden at worst, net tax income possible.