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Death tax is a form of double taxation and many people are forced to sell their inherited family home. That sounds unfair to me. If we had a consumption tax (F
by exclusiv 11y ago
Death tax is a form of double taxation and many people are forced to sell their inherited family home. That sounds unfair to me.
If we had a consumption tax (FairTax) then you couldn't skirt paying your share when you spend it. Sales tax is incredibly efficient.
- ssmoot 11y agoIt's also regressive.
- elsewhen 11y agothe fairtax organization has proposed a "prebate" to mitigate regressiveness. https://fairtax.org/about/how-fairtax-works-slideshow https://fairtax.org/about/how-fairtax-works-slideshow
- ssmoot 11y agoThat seems like a reasonable effort. Thanks.
- 0xcde4c3db 11y agoThey've proposed that, but as far as I can tell it's less of a serious proposal and more an instance of an "overcoming objections" sales tactic. I don't see how a flat sales tax can achieve revenue-neutrality (itself a major selling point of FairTax) while also offering a large enough "prebate" to avoid being enormously regressive in practice. Considering the misleading nature of a bunch of other FairTax claims [1], I pretty much consider distrust to be the only tenable default position with respect to anything else they say. [1] http://www.factcheck.org/2007/05/unspinning-the-fairtax/ http://www.factcheck.org/2007/05/unspinning-the-fairtax/