Misunderstanding Marco

Misunderstanding Marco

I similar Marco Rubio together with promise that he, rather than Donald Trump, gets the Republican nomination.  In particular, I recall his taxation programme includes a lot of practiced ideas.

Paul Krugman's column today takes a inexpensive shot at it (natch):
You in all likelihood know that Mr. Rubio is proposing big taxation cuts, together with may know that amid other things he proposes completely eliminating taxes on investment income — which would mean, for example, that Mitt Romney would halt upward owing exactly aught inwards federal taxes.
So is this true?  Would Mitt Romney actually halt upward owing aught inwards federal taxes?

Before turning to that question, take in a simpler one: Under a retail sales tax, produce yous pay the taxation if yous are non a retailer?  In a superficial sense, no.  Only retailers halt upward sending checks to the government.  But inwards a to a greater extent than meaningful sense, yes.  H5N1 retail sales taxation gets built into the prices that customers pay, together with anyone who buys from a retailer bears the burden of the tax.

Paul's disceptation is truthful inwards the superficial sense.  But if yous are to a greater extent than concerned alongside the actual burden of the tax, hence his disceptation is false.

The Rubio programme is essentially the X-tax designed by the belatedly Princeton economist David Bradford.  It is a progressive consumption tax.  Anyone who consumes bears the burden of the tax, fifty-fifty if yous don't post a cheque to the government.
Sumber https://gregmankiw.blogspot.com/
Blogger
Disqus
Pilih Sistem Komentar

No comments

Advertiser