|
|
|
|
|
by legitster
528 days ago
|
|
Sales tax is not regressive per se. It's just much less progressive than an income tax. Rich people still pay more overall since they spend more money. An example of a regressive tax would be something like cigarette taxes - poor people would actually spend a larger share of their income since they are also more likely to smoke. |
|
Higher income people spend more of their money on investments and other assets.