HAS TO BE A PARAGRAPH PLEASE
You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony. Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

In a case in which I am put in charge of the Mars Colony taxation, I would institute a progressive tax to charge more taxes on the people who earn more so they can provide more to the development of society. Also, I would set excise taxes because taxes should go in no-basic products to make sure people spend their money on basic products that would allow their development instead of their vices. Also, because those products put life on risk. So I would destine the money taxed on them to programs to provide healthcare strategies to the people affected by them. I would also put taxes on non-essential goods, on certain properties, like the ones above the average house price, and VAT to fund developmental programs.

Explanation:

All right, the explanation for this posture is the following. First, we need to understand that taxes are the contributions the citizens of a certain country make so that the country's government can fund its operations. After having this clear, I would suggest that VAT would be established to allow the government fund with enough resources its programs. Also, I would tax progressively instead of fixed income tax because there will always be a variance in people's income. Therefore, they have to be established progressively. To make sure the policy doesn't affect the ones who have less. Also, the excise tax is very essential because it can withstand the taxes on no-basic products, as well as to make the companies that sell excise products of the damage their products have on people.