Tuesday, April 17, 2012

A Thousand Words, Vol.1, Issue 26.

Courtesy of a graph by Jared Bernstein (former Chief Economist and Economic Adviser to Vice President Joe Biden), a picture of the regressiveness of state and local taxes can be seen here.

To read Jared Bernstein's companion story to the graph go here.

It seems that should the federal government decide to obtain revenue via a sales tax or value-added tax (VAT), then federal taxes would be as regressive as present state and local taxes.

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