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?
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.
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