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Personal Finance > Freakonomics

More Tax Breaks for the Rich?

Multiple Authors | Mon, 11/16/2009 - 5:30pm | education benefits, education costs, tax breaks, taxes, taxing the rich |  8 comments

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I was talking with some folks at LSU who were working on a proposal to exempt textbooks from sales taxes in Baton Rouge, currently a whopping 9 percent. I’m all in favor of cutting sales taxes, which are generally not progressive; but textbooks are a luxury good because college education is disproportionately undertaken by the offspring of higher-income families.
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Unfair

DonavanG | November 18, 2009, 12:17 am

Taxes are one of the obligation of the citizen to the government. It is one of the basic duty of a citizen to his country and that is paying taxes. No one must be exempted to pay his tax that is imposed by the law that he should pay. Whether rich or poor one should be liable to his obligation. I myself get payday advance loan just for tax payment.