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Kandahar said:Umm I wouldn't want to completely do away with income tax. But I'm completely in favor of lowering, flattening, and simplifying it. I dislike the idea of a national sales tax because it's regressive and inflicts unnecessary hardship on the poor.
The Real McCoy said:The poor are entitled to a tax refund up to the poverty line. Actually, everyone is.
The Real McCoy said:The poor are entitled to a tax refund up to the poverty line. Actually, everyone is.
Scarecrow Akhbar said:Absolutely yes.
Income taxes were repeatedly deemed unconstitutional until the politicians passed the 16th Amendment.
Scarecrow Akhbar said:Perhaps if the government would stop spending so much in the first place it wouldn't need so much money?
That's a novel idea. I should patent it.
Scarecrow Akhbar said:Then it's always possible and practical to target a national sales tax to ease the burden on the poor.
Scarecrow Akhbar said:Tax TV's, not underwear.
Scarecrow Akhbar said:Tax $180 sneakers, not food.
Scarecrow Akhbar said:Tax CDs, DVDs, MP3 players, not school supplies.
Kandahar said:But they DID pass the 16th amendment. So now it's constitutional.
Kandahar said:A good idea to be sure. But what does it have to do with the relative merits of income tax or sales tax?
Kandahar said:Not really; it's still taxing consumption.
Kandahar said:Who spends a larger portion of their income on TVs: The rich or the poor?
Who spends a larger portion of their income on shoes: The rich or the poor?
Who spends a larger portion of their income on CDs, DVDs, and MP3 players: The rich or the poor?
Kandahar said:Your method of taxing certain things but not others would make a national sales tax just as complex as the income tax, as various corporations lobbied to have their products exempt from the sales tax.
Kandahar said:Umm I wouldn't want to completely do away with income tax. But I'm completely in favor of lowering, flattening, and simplifying it. I dislike the idea of a national sales tax because it's regressive and inflicts unnecessary hardship on the poor.
Korimyr the Rat said:Personally, I believe that the income/payroll tax is the fairest and most efficient means of collecting revenue; it does not unfairly target the poor, the way sales taxes do; it does not violate the principle of land ownership, the way property taxes do; it does not destroy family businesses, the way that inheritance taxes do, and it does not filter raise the prices of consumer goods (a hidden tax) the way that corporate taxes do.
Combined with a well-structured capital gains tax, the income tax is the most appropriate means of funding government programs and maintaining the proper circulation of the money supply.
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