Governing: The Week in Public Finance: Unbalanced Budgets, Alaska’s Tax Battle and Creditor Complaints

“The problem with all this is that the sales tax is regressive, meaning it places a bigger burden on lower-income residents. An analysis released this week by the Institute on Taxation and Economic Policy noted that four out of every five Alaskans would pay less under an income tax than they would under a sales tax — even if the latter were scaled back to generate $200 million in revenue.”

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