Tag Archive: Taxation
Good! I am sure the pressure from the truckers on this entire issue added some weight to the decision.
But Democrats want to raise them back anyway.
The Laffer Curve is real. Although so is the Neo-Laffer Curve.
Sparing our bureaucrat betters from having to actually compete on anything. We wouldn’t want that.
I would love to be savvy enough to properly invoke the constitution to avoid taxation, but as it is, I think I would only know enough to get myself in trouble, and not out of it. And the IRS is more of an extortion racket than anything else.
And how long do you think the U.S. has?
Even though they voted for it.
This one’s all on them. And this is the direction America wanted to go down. If you don’t like how the country currently is and didn’t vote Republican, it’s your own fault.
Much higher than you think. Time for the FairTax.
Amazon soon may have to collect Massachusetts state sales tax on residents, because it will have a physical presence in the state. Essentially, this gives Massachusetts reach throughout Amazon’s entire corporation, as long as the customer is a Massachusetts resident. It’s not too dissimilar from how Massachusetts would really, really like you to declare everything you’ve purchased in other states so that they can tax those, too. No. The only system that makes sense is to declare a point of sale associated with a specific location (the warehouse that Amazon will be supplying you from, perhaps), and apply the appropriate taxes from that location. And Massachusetts residents like myself can go shop in NH and bring back items without declaring them until the state realizes that taxes are a competitive marketplace, and stops whining because it’s too fat and corrupt to compete effectively.
And I agree. Everyone should have some skin in the game. Although, a drastically reformed and revised tax system would be better. Regardless, when Democrats talk about “fair share” they want to continue to make our taxation even more lopsided.
Of course. The fact that companies and people will actually try and move their money around to minimize the amount government steals from them never quite fits with liberal plans for the rest of us, does it?
This just highlights the point of the seasteading movement: We need to make our governments have to deal with competition.
It gets more revenue! Yes, the Laffer curve is real, and once again we’ve found a place where taxes were higher than useful for purposes of government income.
Now, considering that the U.S. has the highest corporate taxes in the world, the most progressive tax code in the world, and some of the highest capital gains taxes in the world – which side of the Laffer curve do you think we’re on? And do you think that Democrats’ plans to increase taxes on the wealthy will actually raise government income?
Excellent. A huge percentage of our problems would go away if we threw away our arcane tax code, and went with something that was easy to enforce, comply with, and light on businesses. That’s what the Fairtax does. A flat tax would also be massively better than our current tax code, but there are a lot of good reasons why the Fairtax would be better.
Steve Wynn, who considers himself a Democrat, just made a world class rant on the Obama administration’s business policies that seems a good enough reason to go over some of the past month’s economic news and remind people just why our economy is in such bad fault, and that yes, there is a political party responsible for not only putting us where we are, but prolonging the pain. Continue reading
Reason magazine just came out with a piece that unfortunately misunderstands the FairTax by quite a bit. I don’t think it’s a hit peice, per se, but there are at least two big points misunderstood in the article that I would like to correct:
1. It’s not a “loophole” that secondary markets aren’t taxed. It’s wrong to tax something more than once, and so the FairTax only applies to new goods and services. If this brings about an economic boom in thrift stores and flea markets, or makes America a more efficient and recycling society, that’s not a bad thing.
2. The price of goods should stay roughly the same, which means there shouldn’t be a great discouragement to our retail sector. Since highly inefficient corporate taxes are going away, those embedded costs which already make up 20-30% of the price of goods are simply being replaced by a sales tax. A lot of economic study has been done on this particular point.
In addition, one of the comments I noticed misunderstands the prebate. Government isn’t going to be monitoring everyone’s income anymore, and only giving the prebate to poor people. Everyone gets it – hence the “Fair” part of “FairTax”. Everyone gets enough of a prebate that no one pays tax on the basic necessities of life – only costs above the poverty level.
Tai-Chi Policy 