4 ms·
> How about we just replace the IRS instead? 5% flat VAT tax. No exceptions. No tax breaks. No more tax incentives. How about we not? And instead of a some VA
by tablespoon 5y ago
> How about we just replace the IRS instead? 5% flat VAT tax. No exceptions. No tax breaks. No more tax incentives.
How about we not? And instead of a some VAT flat-tax nonsense, how about progressive income and wealth taxes with no tax breaks or incentives at the higher brackets?
Now that we've settled that, lets talk about the IRS's software.
Edit:
> EDIT: Ope, my original point is a flat tax. I said VAT as I was trying to decide 'what' to tax in my head, and it seems thats what people are latching onto, instead of my three sentences following of "No exceptions".
That doesn't improve your point as much as you think it does. It's still the kind of tax proposal that the wealthy put out because it's friendly to them (e.g. https://en.wikipedia.org/wiki/Steve_Forbes#Campaigns_for_president https://en.wikipedia.org/wiki/Steve_Forbes#Campaigns_for_pre...).
- scrubs 5y agoI'm not seeing much action, but this is one area where Biden has the right talk. The rich (define north of $500k/yr) can play games. Here's two off hand I know in my circle: - a family has non-trivial assets and income in three states but for federal and tax purposes they live in TN where's there's no state tax. The other two states are def not cheap compared to TN. This was setup by buying a house and having a part time job in TN for about 1 year to establish bonafide residency much of which stopped once gained - business owner takes annual trip to Florida for business training with board/ management. That's a write off. But with some fancy accounting the owner smiles saying once they open the meeting with lunch, they left and spent the rest of week playing golf. Whether the company or individual the rich guys are taxed less than me. The bottom 40% (??) don't pay much either. That leaves the upper middle class to foot a lot of the hill. Well I'm calling BS on that.
- deeptote 5y agoAgreed, consumption taxes overwhelmingly favor the rich.
- namelessoracle 5y agoIm pretty sure existing tax laws favor the rich right now too
- kodah 5y agoWhat are "the higher brackets"?
- zionic 5y agoProgressive (numerically) taxes are socially regressive and profoundly unjust.
- NeutronStar 5y ago
- tablespoon 5y ago> Progressive (numerically) taxes are socially regressive and profoundly unjust. What do you mean, exactly? My intuition tells me the definitions you're assigning to "socially" and "unjust" would prove to be peculiar after being unpacked.
- zionic 5y agoThe elite don't pay taxes the same as everyone else, this is largely true throughout history. (Numerically) progressive taxes are a tool by the elite to enact unjust regressive tax structures on the middle and upper-middle class to prevent them from rising to their level. The goal is to make sure that doctor making $300k never gets all uppity so that his grandkids start challenging the status quo.
- deleted 5y ago[deleted]