Homeless: 1O % Tax Rate - insane

[oscar111]

our sales tax set-up is insane.

If a homeless man collects aluminum cans digging at the city dump pile, and earns $1OO/yr, he must pay ten of that in tax. Insane.

He clearly needs every penny of that income.

sales taxes in some areas are ten percent. "regressive" is an accurate term for them.

To tax the poorest of the poor at a ten percent rate is abominable.
These folks are so poor they own nothing.

All sales taxes must end.

Condi thinks the world wants to copy us?

[USAcitizen]

1. Well, what would be a fair tax?N/T

[tridim]

2. Mega Corporations: 0 to ~5% tax rate - Even more insane

[NorCalDem]

3. However

A luxury tax on cars costing $150K, yachts for $2.3M, and $40million estates is perfectly acceptable.

[USAcitizen]

4. How about taxing our pleasures

Cigarettes, alcohol, entertainment

[oscar111]

5. Who needs yachts at all? Not me.

that money should be sent to the nine million humans who are this day starving. No matter where they are, they are human. No matter if they are in Haiti, or Bangladesh... they are human.

I see no urgent need for yachts. Starvation on the other hand, is very urgent.

Let those boat-builders switch to building more of the HOPE ship of mercy, a floating hospital that moors at harbors in poor nations and treats the sick. Currently, the yacht builders are just wasting their time on fluff.

[USAcitizen]

6. Do you actually think that rich ass yacht owners care...

About the poor and starving. They would rather spend their money killing Iraqi people and spend millions stealing middle eastern oil.

[oscar111]

7. they do not care. Lack, IMO, mirror cells in the F5 brain region

that lack has been found in serial killers , using MRI, and i suspect such cells are also lacking in the yacht riders.

Mirror cells are where one feels empathy aka compassion. I predict these cells will be the central topic of conversation in politics soon.

[dcfirefighter]

8. You guys obviously don't work in the boat building business

The old luxury tax crushed several small towns on the chesapeake and in the outerbanks, when people stopped buying boats.

If you want a progressive and just tax, read about Henry George, and the Single Tax.

It's not really a tax, because it's something you pay anyway, you're just paying the community rather than the previous owner. Modern interperetations include public auctions for broadcast rights, pollution emissions, mineral rights, fishing rights, etc.

eliminate sales taxes, payroll taxes, and taxes on buildings & homes. Increase the personal income exemption to about $100,000. Lay them all on land value and the above mentioned auctions.

A straight tax on land property is progressive: 10% of the country would pay 70-80% of the tax. If the rates were maximised - such that they collected the full rental value of the land, (which wouldn't happen overnight, but consider for reference), such taxes could raise some $4T, or roughly $1T more than all levels of government collect now. Such a surplus could give almost $3500 a year to each and every man, woman, and child in this country.

Because the tax does not bear on commerce, production, or on labor, production and labor would be maximised in this country, so wages would increase. Because the tax cannot be passed on to the consumer, the cost of living would decrease. Because the tax encourages efficient land use, housing prices and transportation costs (including wars for oil) would decrease.

If we gave each person a slice of the surplus, commerce would increase, as more people have more money to spend - demand side economics.