We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.

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In the UK, given the tax system, this would mean increasing VAT (a nice regressive tax) and then, say, abolishing the 50 p additional tax rate on higher earners.

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BBC, the harder it becomes to justify the flat-rate licence fee (in all but name, a regressive tax) levied on all the country's television owners to pay for the corporation.

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Finally, because the rate cuts are so regressive, House Republicans would have to heavily skew offsetting tax increases to high-income households if they want to keep the distribution of taxes roughly what it is today.

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He says the sales levy "is widely regarded to be the most regressive tax that states impose, " which is funny given that Mr. Patrick is the same guy who raised the rate to 6.25% from 5% in 2009.

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