Re: Do you favor a national sales tax?
- From: Thumper <jaylsmith@xxxxxxxxxxx>
- Date: Tue, 15 Jul 2008 07:11:46 -0400
On Tue, 15 Jul 2008 05:09:41 GMT, Rumpelstiltskin
<PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote:
On Mon, 14 Jul 2008 21:07:33 -0700 (PDT), Ron PetersonIf there's any money left.
<ron@xxxxxxxxxxxxxx> wrote:
On Jul 14, 4:20 pm, Rumpelstiltskin
<PleaseDoNotReplyByEm...@xxxxxxxxxxx> wrote:
Ron Peterson wrote:
After paying income tax for years, I don't think that I should have to
pay a tax to spend it.
A high sales tax would result in too much black market sales.
I don't think that imports are paying their fair share of taxes since
much of the US budget is for protecting those foreign countries. A
value-added tax might be a way to equalize the situation.
Don't tax simple food at all. Tax luxury food,
tax restaurant food. Don't tax cheap clothing at
all. Tax expensive clothing.
Many states exempt most food items from the sales tax which goes a
long way to making the sales tax more progressive.
My state taxes clothing, but a nearby state doesn't, but since it
isn't a big ticket item for my family, there's little incentive to go
to the neighboring state.
California taxes clothing, but not most groceries, too.
That's fine with me, since, for most people, clothing isn't
as big an expense as food.
One thing that has to go with consumption tax,
in my view, is a strong inheritance tax. We
could make it apply primarily to the value of an
estate above a certain amount. Without a
strong inheritance tax, I wouldn't support
consumption tax.
If we could do without income tax, sales tax, and property tax and
just have an inheritance tax, I would have more money to spend.
I was thinking of sales tax and consumption tax as being
pretty much the same thing. The nice thing is that then the
private person wouldn't have to keep track of things and
do paperwork. That is, until the estate tax came due, but
one would be dead then and one's heirs would have to
deal with it. They'd at least be getting a lot of money for
their troubles.
Thumper
Another way to do it is to simply sell bonds to pay for government
expenses escaping taxes altogether. :-)
That's what we've been partially doing, in effect. It's
why we have a nine trillion dollar debt and the dollar is
only worth sixty cents compared to 2000 (if it's still
worth even that much by now, the way prices have
been going up.)
.
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