The sales tax in Utah is about 4.85%. It is a regressive tax because everyone pays the same amount for any given item. Income tax is a progressive tax because the more earned, the higher the tax rate.

Tariffs are also considered a regressive tax because everyone pays the same rate for any given item. As an example: someone earning $50,000 buys an imported TV for $500 with a 10% tariff ($50) and another person earning $100,000 buys the same model and make and pays the same $50 tariff.

While tariffs bring in a lot of money to the Treasury, that money is being paid by everyone at the same rate (i.e., it’s a regressive sales tax). Recently the president said that with so much money coming in with tariffs we might be able to eliminate income tax!

Whether this was a joke or he was serious, wh

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