How taxes turned margarine pink, made ships sink, and more strange results
NY Post
On Wednesday, President Biden announced his $2 trillion infrastructure package, and part of the plan includes raising taxes on corporations and “high earners.”
It’s just the latest example of a government struggling to calibrate taxes so that they land fairly on the most well-off — an effort that has memorably backfired. Back in 1697, the British crown wondered what it could base a tax on that would (fairly) require poorer citizens to pay less and wealthier ones a bit more.More Related News