DC Al Fine
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Posts: 14,085
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« on: April 26, 2015, 05:52:59 PM » |
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I'm not a fan of such taxes, but I'll throw out a hypothetical system that progressives might approve of.
When I was in college I received quarterly payments called the "Affordable Living Tax Credit". These were from the provincial government in order to "refund" the sales taxes I paid as a low income individual. What if the government had an expanded version of this credit along with fair tax. No income tax would be charged but individuals would still file a tax return in order to calculate if their income is low enough to have some tax refunded. Under such a system, you'd still avoid the distortions caused by taxing income sources differently, while perhaps avoiding some of the regressiveness.
Thoughts?
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