Taxes!

[jstoesz]

Wahoo! lets get some economic policy discussion begin over taxes…

What say you? Further graduate the income tax, flat tax, VAT, consumption tax, corporate income tax…

My personal favorite it to get rid of the income, payroll tax, and corporate income tax etc. and replace it with only a consumption tax like the european VAT applied to all levels of spending corporate and individual equally.

My logic is simple. Spending money is where the benefit of money comes. We should encourage saving, so people can make intelligent decisions about investment in the future. Money only affords benefit when spent, and all savings are eventually spent. We should not discourage work or labor through a graduated income tax…we should tax people based on the luxuries that money provides.

It is simply unjust tax labor more than other forms of income. It picks favorites among revenue sources.

The worst crime of our tax system is the micromanaging peoples decisions through the tax code. It flies in the face of equality with regard to labor…

[an]

I vote for consumption tax too.

[an]

I vote for consumption tax too.

[an]

I vote for consumption tax too.

[an]

I vote for consumption tax too.

[an]

I vote for consumption tax too.

[StaunchLibertarian]

I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.

[StaunchLibertarian]

I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.

[StaunchLibertarian]

I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.

[StaunchLibertarian]

I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.

[StaunchLibertarian]

I’d be in favor of a 35% federal tax on house purchases. That would help the housing market correct right quick.

[CA renter]

We should not discourage work or labor through a graduated income tax…we should tax people based on the luxuries that money provides.

It is simply unjust tax labor more than other forms of income. It picks favorites among revenue sources.
—————-

You’re right, we should not discourage work and labor. The problem is that those with the highest incomes rarely work or labor. Most of their income is passive/investment income.

IMHO, we need to discourage gambling and encourage work. That’s why I would lower the rate on **earned** income, and tax investment income at a much higher rate, with steeply progressive rates.

I would not support a consumption tax, because it’s too regressive. Most poor people spend almost all of their income on basic necessities, while the rich can invest theirs. It would be totally immoral and unethical to tax gamblers at 0-15%, while taxing poor people at the maximum rate (if consumption tax is the highest tax).

[CA renter]

We should not discourage work or labor through a graduated income tax…we should tax people based on the luxuries that money provides.

It is simply unjust tax labor more than other forms of income. It picks favorites among revenue sources.
—————-

You’re right, we should not discourage work and labor. The problem is that those with the highest incomes rarely work or labor. Most of their income is passive/investment income.

IMHO, we need to discourage gambling and encourage work. That’s why I would lower the rate on **earned** income, and tax investment income at a much higher rate, with steeply progressive rates.

I would not support a consumption tax, because it’s too regressive. Most poor people spend almost all of their income on basic necessities, while the rich can invest theirs. It would be totally immoral and unethical to tax gamblers at 0-15%, while taxing poor people at the maximum rate (if consumption tax is the highest tax).

[CA renter]

We should not discourage work or labor through a graduated income tax…we should tax people based on the luxuries that money provides.

It is simply unjust tax labor more than other forms of income. It picks favorites among revenue sources.
—————-

You’re right, we should not discourage work and labor. The problem is that those with the highest incomes rarely work or labor. Most of their income is passive/investment income.

IMHO, we need to discourage gambling and encourage work. That’s why I would lower the rate on **earned** income, and tax investment income at a much higher rate, with steeply progressive rates.

I would not support a consumption tax, because it’s too regressive. Most poor people spend almost all of their income on basic necessities, while the rich can invest theirs. It would be totally immoral and unethical to tax gamblers at 0-15%, while taxing poor people at the maximum rate (if consumption tax is the highest tax).

[CA renter]

We should not discourage work or labor through a graduated income tax…we should tax people based on the luxuries that money provides.

It is simply unjust tax labor more than other forms of income. It picks favorites among revenue sources.
—————-

You’re right, we should not discourage work and labor. The problem is that those with the highest incomes rarely work or labor. Most of their income is passive/investment income.

IMHO, we need to discourage gambling and encourage work. That’s why I would lower the rate on **earned** income, and tax investment income at a much higher rate, with steeply progressive rates.

I would not support a consumption tax, because it’s too regressive. Most poor people spend almost all of their income on basic necessities, while the rich can invest theirs. It would be totally immoral and unethical to tax gamblers at 0-15%, while taxing poor people at the maximum rate (if consumption tax is the highest tax).

[Author]

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