This month, Philadelphia voted to raise property taxes rather than impose a controversial sales tax on soda and sugary drinks, while New York won another round on its efforts to collect excise taxes from cigarettes sold by Indian nations. Other cities and states have struggled with similar questions when it comes to raising revenue.
So today’s Fix the Tax Code Friday question is:
Assuming that raising revenue by adding a new tax or increasing an existing tax was your only option, which tax would you prefer to see boosted or added: sales tax, real estate tax, income tax or excise tax (on items like gasoline, alcohol and tobacco)? In other words, what would be the least painful for you?
