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<blockquote data-quote="yurgref" data-source="post: 253977" data-attributes="member: 11709"><p>A consumption tax is a regressive tax it hits the low and middle income harder then the higher income earners because the lower/middle income earners have a tendency for 100% consumption while higher income earner have a great tendency to save a larger % of their income </p><p></p><p style="text-align: center"><a href="http://www.brookings.edu/interviews/2005/0303taxes_gale.aspx" target="_blank"> Pro/Con</a></p></blockquote><p></p>
[QUOTE="yurgref, post: 253977, member: 11709"] A consumption tax is a regressive tax it hits the low and middle income harder then the higher income earners because the lower/middle income earners have a tendency for 100% consumption while higher income earner have a great tendency to save a larger % of their income [CENTER][URL="http://www.brookings.edu/interviews/2005/0303taxes_gale.aspx"] Pro/Con[/URL][/CENTER] [/QUOTE]
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