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after researching this discussion question topic I have learned several things about sales tax and feel confident in sharing my findings with everyone. Regressive taxes

after researching this discussion question topic I have learned several things about sales tax and feel confident in sharing my findings with everyone. Regressive taxes are those that take a bigger portion of low-income people's income relative to people with higher incomes. A progressive tax, on the other hand, aims to take a bigger portion of revenue from higher earners. Sales taxes, including VAT, are typically regarded as regressive because they have a disproportionately negative effect on low-income people. This is so that those with higher incomes can save or invest a larger amount of their earnings, whilst those with lower incomes often spend a larger percentage of their income on goods and services. As a result, a national sales tax might aggravate economic inequality and penalize people with low incomes. One argument in favor of enacting a national sales tax is that it can give the government a reliable and wide-ranging stream of income. Sales taxes are more manageable than other taxes, including income taxes, because they can collect money from a larger variety of economic activities. This might make the tax code simpler and lower the cost of compliance. But when assessing tax systems, fairness is a critical factor. A fair tax system has a higher chance of gaining popular favor and preserving social harmony. A national sales tax may provide administrative advantages, but because it is regressive, fairness issues are raised. Progressive taxation, where higher-income people pay a larger proportion of their income in taxes, is a common proposal for a more equitable tax system. The goal of this strategy is to more fairly share the tax burden and possibly lessen income disparity. In conclusion, there are positives and cons to implementing a national sales tax in the United States that is comparable to a value-added tax. Although it might increase the revenue base and provide administrative benefits, it's vital to take into account its regressive nature and potential effects on income inequality. When assessing such a tax policy, fairness and potential effects on consumer behavior and the economy should also be taken into consideration. In the end, any choice on tax reforms should take careful consideration of these aspects as well as the nation's larger social and economic objectives

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