Titandan Posted March 13 Author Report Share Posted March 13 3 hours ago, reo said: LOL Sales tax is just increasing taxes on the poor. It's a scam by the rich and Republicans fall for it EVERY time. The rich understands how money works. Regular people just look at their pay checks and don't realize they're paying more in taxes. This is you falling for propaganda and misinformation AGAIN. https://taxpolicycenter.org/briefing-book/who-bears-burden-national-retail-sales-tax https://archive.legmt.gov/content/Committees/Interim/2019-2020/Revenue/Meetings/July-2020/HJ-35/ITEP-How-Sales-and-Excise-Taxes-Work.pdf https://www.sciencedirect.com/science/article/abs/pii/S0047272723000798 Consumption taxes are often considered as the most regressive component of the tax system. Consumption taxes fall disproportionately on low-income households in most countries. The top income decile pays only about 60% of the income share paid by the bottom half. Just trying to simplify the tax code bro. A lot of people complaining that the rich don't pay taxes. Increase the amount of sales tax and get rid of the other taxes. Rich folk will still buy expensive stuff at Erewon or Saks Fifth Ave. And if you want to give tax breaks to the super poor, have them show their tax bracket and perhaps we can come up with a system that they don't need to pay even sales tax. Link to post Share on other sites More sharing options...
OILERMAN Posted March 13 Report Share Posted March 13 Sales tax isn't going to generate any real revenue. That's totally retarded and moronic. The top 1%'s wealth has increased at an obscene level the last 10 years and Trump gave them massive tax cuts twice, also lowered the corporate tax rates while they were making record profits. It isn't rocket science. MadMax 1 Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 5 hours ago, Titandan said: Just trying to simplify the tax code bro. A lot of people complaining that the rich don't pay taxes. Increase the amount of sales tax and get rid of the other taxes. Rich folk will still buy expensive stuff at Erewon or Saks Fifth Ave. And if you want to give tax breaks to the super poor, have them show their tax bracket and perhaps we can come up with a system that they don't need to pay even sales tax. I understand what you're wanting to do but what you're repeating is more propaganda and misinfomation. They spread these ideas and misinform the public on what it does and what it's doing b/c they know you're not going to actually look into it and see who actually pays those taxes. Sales tax is what's called a regressive tax. https://www.investopedia.com/ask/answers/042415/what-are-differences-between-regressive-proportional-and-progressive-taxes.asp What we need are progressive taxes. MadMax 1 Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 5 hours ago, Titandan said: Just trying to simplify the tax code bro. A lot of people complaining that the rich don't pay taxes. Increase the amount of sales tax and get rid of the other taxes. Rich folk will still buy expensive stuff at Erewon or Saks Fifth Ave. And if you want to give tax breaks to the super poor, have them show their tax bracket and perhaps we can come up with a system that they don't need to pay even sales tax. This is what we need: MadMax 1 Link to post Share on other sites More sharing options...
Titandan Posted March 13 Author Report Share Posted March 13 4 hours ago, reo said: This is what we need: I guess we'll see what happens. Cal is going negative every year. My money's on predicting more billionaires leaving California and the tax burden's going to reply on the upper middle class then the middle class. Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 7 minutes ago, Titandan said: I guess we'll see what happens. Cal is going negative every year. My money's on predicting more billionaires leaving California and the tax burden's going to reply on the upper middle class then the middle class. Which is why it's not as simple as "hey tax the rich". It's a mixed tax system including corporations. Typically these days people are trying to do something like this: In current tax policy research, the “balanced system” many economists discuss includes: Progressive income tax Consumption tax Corporate tax Property or land taxes You can't just have a flat tax or some simple system b/c the rich and corporations will find ways around them. Link to post Share on other sites More sharing options...
Titandan Posted March 13 Author Report Share Posted March 13 5 hours ago, reo said: Which is why it's not as simple as "hey tax the rich". It's a mixed tax system including corporations. Typically these days people are trying to do something like this: In current tax policy research, the “balanced system” many economists discuss includes: Progressive income tax Consumption tax Corporate tax Property or land taxes You can't just have a flat tax or some simple system b/c the rich and corporations will find ways around them. Don't you think it's harder to track tax avoidance if the system's more complicated? I personally think the simpler it is, the easier it is to track. Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 3 minutes ago, Titandan said: Don't you think it's harder to track tax avoidance if the system's more complicated? Yes. The world is complicated. 3 minutes ago, Titandan said: I personally think the simpler it is, the easier it is to track. Only if you want to tax the poor and middle class more and let the rich keep getting richer. Easy isn't better b/c it's easy. Link to post Share on other sites More sharing options...
Titandan Posted March 13 Author Report Share Posted March 13 3 minutes ago, reo said: Yes. The world is complicated. Only if you want to tax the poor and middle class more and let the rich keep getting richer. Easy isn't better b/c it's easy. As long as government workers are smarter than the top CPA's and expensive lawyers, you'll squeeze it out of the uber wealthy. Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 1 minute ago, Titandan said: As long as government workers are smarter than the top CPA's and expensive lawyers, you'll squeeze it out of the uber wealthy. DOJ lawyers are some of the best in the world so too are some of the IRS accountants. I work w/ government specialists everyday. They're some of the smartest people I've ever met. Link to post Share on other sites More sharing options...
Titandan Posted March 13 Author Report Share Posted March 13 2 minutes ago, reo said: DOJ lawyers are some of the best in the world so too are some of the IRS accountants. I work w/ government specialists everyday. They're some of the smartest people I've ever met. Then they probably know the tax code inside and out. And they know that these top lawyers and CPA's are legally setting up their clients to avoid taxes and not merely evade them. Link to post Share on other sites More sharing options...
reo Posted March 13 Report Share Posted March 13 Just now, Titandan said: Then they probably know the tax code inside and out. And they know that these top lawyers and CPA's are legally setting up their clients to avoid taxes and not merely evade them. Did you lose what we're talking about? Link to post Share on other sites More sharing options...
Titandan Posted March 14 Author Report Share Posted March 14 17 hours ago, reo said: Did you lose what we're talking about? I don't think so... but that's why I like to keep it simple. So that even average people can smell bullshit when they see it. When the tax code gets too complicated, average Joe's don't want to deal with it. I'm perfectly fine keeping things the way it is. I'll just learn the secrets of the rich and copy them. Link to post Share on other sites More sharing options...
reo Posted March 14 Report Share Posted March 14 (edited) 37 minutes ago, Titandan said: I don't think so... but that's why I like to keep it simple. So that even average people can smell bullshit when they see it. When the tax code gets too complicated, average Joe's don't want to deal with it. Why do we care what the averge joe understands? Do you like cell phones? Do you know how they work? 37 minutes ago, Titandan said: I'm perfectly fine keeping things the way it is. I'll just learn the secrets of the rich and copy them. The "secrets of the rich" don't apply to you. Edited March 14 by reo Link to post Share on other sites More sharing options...
OILERMAN Posted March 14 Report Share Posted March 14 Why are you debating a simpleton spouting off talking points Starkiller, MadMax, Atlas, and 1 other 3 1 Link to post Share on other sites More sharing options...
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