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Personally I would rather have no income tax or property tax - just very high sales tax. IMO, sales tax has a much larger tax base than any of the others - as
by coroutines 11y ago
Personally I would rather have no income tax or property tax - just very high sales tax. IMO, sales tax has a much larger tax base than any of the others - as income tax requires you to have a job/be a citizen; and property tax requires you to... own property.
But that's not the reality we live in.
Property taxes fluctuate too much in California - you might be paying everything you can toward your mortgage to decrease the interest you owe, but still effectively pay the same with rising property taxes. A fixed property tax is really, really necessary.
It's just abused too heavily by corporations...
- shkkmo 11y agoSales tax is regressive and thus should not be the main source of tax revenue, we cannot push this burden onto the shoulders of people who already have the least.
- coroutines 11y agoI think we currently suffer from a tax system that enables double-taxation by default - unless you're fairly good filing your taxes and know where to claim deductions. My parents raised me to be knowledgeable of what's a work expense, and things have gotten easier with Turbo Tax - but it still surprises me how many of my friends and relatives file a 1040EZ. Personally I think it's strange that we start at 10% income tax on people making so little.
- paulddraper 11y agoYou're technically correct, though I've found regressive always makes it sound like poor people pay more, when in reality poor people pay less. Anyway, most high sales tax proposals come with a post capita rebate.