Which one tax among the following is the most fair in Americ

Which one tax among the following is the most fair in America and which one is the least fair: personal income, corporate income, consumption and sales, or property?

Solution

The most fair tax in America is the personal income tax as lower income persons are exempted and the tax follows a progressive regime, with tax rate increasing as income increases.

Consumption and sales tax is least fair as it is same for everyone irrespective of the level of income. A poor mininum wage earners as well as a millionaire has to pay the same tax on their daily need for example buying groceries. This is very unfair for a poor wage earner as most of his expenditure is on basic need such as groceries.

Which one tax among the following is the most fair in America and which one is the least fair: personal income, corporate income, consumption and sales, or prop

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