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> Recent history seems to show taxes increase or new taxes are added. Over the last several decades taxes on pretty much everything have decreased, with the re
by alecst 5y ago
> Recent history seems to show taxes increase or new taxes are added.
Over the last several decades taxes on pretty much everything have decreased, with the result being that we have a non-progressive tax system that favors the ultra-wealthy. Check out the footnotes on my original post.
- giantg2 5y agoI don't see that. It seems it's all about income and corporate tax. There are certainly some changes that could be made around capital gains. They started taxing alcohol in my state to recover from a disaster and decided to keep taxing it. They didn't previously tax gains from property sales, now they do. They started a state income tax that they promised would only be about .5%, now it's over 6x that and they are talking about raising it more. Federal gas tax has stagnated, but many states have substantially increase fuel taxes. The property rates increase despite the promise that money from casinos will reduce property taxes. Taxes on cigarettes have substantially increased over the years and have simply become punitive. Sales tax previously excluded the first $10k of a vehicle purchase, but not anymore. The list goes on and on. The promise is that the tax money will be used to fix some issue and that there will be no need to extend it, yet those promises are consistently broken. They are always looking for new taxes, expanding the current ones, and yet we still face the same issues and budget shortfalls.