4 ms·
True, though that is a federal tax. The 3 taxes I posted - I was referring to state and local level taxes. Bragging about no sales tax while paying a higher in
by brianwawok 4y ago
True, though that is a federal tax. The 3 taxes I posted - I was referring to state and local level taxes.
Bragging about no sales tax while paying a higher income / property taxes was a pretty funny / American thing to do..
- panick21_ 4y agoTax laws are confusing and nonsensical everywhere. Seems to me for local taxes land-value tax is clearly the most sensible. It aligns the intensives much better. On state and federal level you can use flat or progressive income tax. I don't understand why anybody would do sales or value added tax. But recently I have been thinking if land-value tax for everything just didn't make sense.
- brianwawok 4y agoSo someone lives in a $400,000 RV in an RV park. They won't pay property tax. Say they are living inherieted money. They won't pay income tax. So sales tax would be their only tax. Obviously this is a cherry picked example and can't represent but .1% of the population. But each lever you pull for tax rewards/punishes a different group. A famous example if FL has no income tax, letting retirees stretch their fixed pensions further. In general, if a state has a lot of tourists coming to it. They won't get property tax nor income tax on the visitors, but they WILL get sales tax. So it makes sense to raise the sales tax, so that you can lower the property / income tax for people that live there yearround.
- panick21_ 4y agoThe RV park would pay land value tax and that would be financed by the rend of the RV park. Tourists will make some locations more valuable then others, so it should have an impact on property tax.