Sales Tax

Posted this afternoon to Berger's Beat: 

REX SINQUEFIELD’S VERSION OF FAIR TAX GETS THUMBS DOWN

Careful readers of Rex Sinquefield’s latest version (he’s now up to 13) of the so-called Fair Tax note a poison pill tucked into the wordage: a whopping 350 percent increase in the basic state sales tax rate for groceries, from the current 1.225 percent rate to 5.5 cents on the dollar.  Critics are calling it devastatingly regressive for poor and middle-income-working families.  Rex wants to ask Missouri voters to dump personal income tax in favor of the much higher sales tax, including the higher levy on life’s essentials...

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