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They are only easy to enforce because we have a huge bureaucratic apparatus in place. Imagine all the work that goes into correctly registering all the sales an
by lhoff 5y ago
They are only easy to enforce because we have a huge bureaucratic apparatus in place. Imagine all the work that goes into correctly registering all the sales and spending in companies as well as the other side that checks these reports.
Sales taxes are among the most inefficient taxes in existence.
I am in favor of higher taxes but taxes should be evaluated based on there influence on the market and there efficiency. Sales tax scores poor in both categories.
Im a fan of the MMT since they propose another thinking about taxes.
- donw 5y agoTaiwan does an excellent job of enforcing sales taxes with almost no enforcement cost: https://abovethelaw.com/2019/10/in-some-countries-your-receipt-can-be-a-winning-lottery-ticket-and-can-help-the-government-collect-sales-tax/ https://abovethelaw.com/2019/10/in-some-countries-your-recei...
- austincheney 5y agoI am not sure how sales taxes are less efficient than manually audited income taxes with itemized deductions. Sales taxes are largely automated.