flat consumption tax over mixed payroll cap gaina nd icnome tax be fairer « on: Today at 01:07:40 PM » Reply with quoteQuote Modify messageModify Re

flat consumption tax over mixed payroll cap gaina nd icnome tax be fairer
« on: Today at 01:07:40 PM »
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tx for consumption not investment and doing right thing

how can dems be so blind to this?
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tbombz
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Re: flat consumption tax over mixed payroll cap gaina nd icnome tax be fairer
« Reply #1 on: Today at 01:17:29 PM »
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if i recall correctly, the consumption tax was shut down by both repubs and dems when tax codes were first being created.

one reaosn might be that a tax on consumption is an incentive to consume less. whereas a tax on income is an incentive to earn less. and people are less likely to earn less than they are to consume less. so to increase total trax revenues you choose income tax, as it would result in less dead weight loss to the economy and more tax revenue to the government.

however, we alreeady have a consumption tax. its called sales tax.
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Re: flat consumption tax over mixed payroll cap gaina nd icnome tax be fairer
« Reply #2 on: Today at 01:27:29 PM »
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Quote from: tbombz on Today at 01:17:29 PM
if i recall correctly, the consumption tax was shut down by both repubs and dems when tax codes were first being created.

one reaosn might be that a tax on consumption is an incentive to consume less. whereas a tax on income is an incentive to earn less. and people are less likely to earn less than they are to consume less. so to increase total trax revenues you choose income tax, as it would result in less dead weight loss to the economy and more tax revenue to the government.

however, we alreeady have a consumption tax. its called sales tax.

incorrect
dead weight loss is here misunderstood
taxing consumption is an incentive to invest
investemnt means mroe capital buildup whihc is how wealth gets generated since mroe enterprneurs can then risk and produce
example is a guy who buy coke and whore vs a guy who invests
in current system coke whore buyer is taxed once while investor if he gains is taxed twice, and if he loses can barely write off the loss
huge dis incentive to invest
this is not to even bring up the insanity of the fact that you are taxing the guy who invests on his dolalrs he has already paid 50% income tax on
pure insanity
the rich also consume vastly more
as do cash using drglords and foriegners
soalthough simply hurting the rich is a bad idea and a topic for another thread, the rich would pay proportionally much more sicne they spending in 100s 1000s not 1000s like me and you probably do
so common guy simply pay th elittle he spends
win for all
vote more tea party for fairer taxes
you welcome for eye opening post
I wis I had had more of this when I was 15