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  • Greg Mankiw: Swap the Payroll Tax for a Gas Tax  [View article]
    The payroll tax is a regressive tax, because it's capped, so it hits the middle class much harder than the wealthy. But you're right that a gas tax would be even more regressive.

    Many economists have actually suggested removing the cap on the payroll tax.


    On Dec 14 08:50 AM Herbert Hoover wrote:

    > This is a great idea! Implementing this will enable us to destroy
    > the middle class quickly instead of a little at a time. Let's see,
    > millionaires don't have to pay any taxes at all except at the gas
    > pump while those schmucks who temporarily have a job get to fill
    > up at 7 bucks a gallon. Nothing like a little regressive taxation
    > to turn the US into a true banana republic
    Dec 14 11:00 am |Rating: +3 0
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