Texas Liberal

All People Matter

Income Taxes—Good. Sales Taxes—Regressive

According to USA Today, some states are cutting property taxes and raising sales taxes. This is caused by the rise in home values and the subsequent property tax increases that rise brings about.

Sales taxes are regressive. Everybody pays the same flat rate. While many older people on fixed incomes can have a problem with increasing property taxes, the move to higher sales taxes shifts the tax burden downwards. The best solution is increasing income taxes on those who can afford to pay.

August 26, 2006 Posted by | Politics, Taxes---Yes! | Leave a comment