Posts Tagged ‘regressive taxation’

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    How Much is $250,000?

    Jun 29, 11 • 165 Views • Demand, Supply, and Markets, Economic Debates, Government, Households, Macroeconomic Measurement, Money and Monetary Policy, Thinking EconomicallyNo Comments

    Told that someone earns $250,000 a year, you should ask, “Where do you live?” According to CNN, you would need to earn $545,000 in Manhattan to spend what $250,000 will buy in Missoula, Montana. On this map, you can see how your cost of living

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    A VAT For Pretzels?

    Apr 18, 10 • 217 Views • GovernmentNo Comments

    The Senate just said “No” to a VAT. Disagreeing, Paul Volcker sort of said “Yes” when he observed that a VAT is “not as toxic an idea” as we once believed. Suddenly everyone seems to be talking about a VAT. Here

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    Taxing Decisions

    Apr 10, 10 • 178 Views • GovernmentNo Comments

    Some people believe that government spends more when it has an affluent population to pay for it.  In a recent NY Times column, David Leonhardt presents a slightly different perspective. Instead, he says that because we are a more affluent society,

  • A Very Expensive Traffic Ticket

    Jan 30, 10 • 205 Views • Thinking EconomicallyNo Comments

    Recently, in eastern Switzerland, an affluent driver who was exceeding the speed limit by more than 35 miles an hour received a ticket. The ticket sounds like a predictable penalty; the fine, however, was not. The fine totalled $290,000 because it was based