Good list but I would prefer a sales tx.
by Jfs86 (2024-02-18 14:27:49)

In reply to: PBR Poll on Possible Federal Revenue Enhancements....  posted by Raoul

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The tax code is horrible. We need simplicity efficiency and transparency.

First step is to stop equating progressive as good, moral, and fair.

A sales tax would be easy to understand
Easy to calculate. It would be transparent. It would be hard to manipulate. It would be socially beneficial because those who consume more will pay more in taxes. It could incent investment and be a disincentive to consumption.

As for those who say the rich need to pay their fair share, they would pay the most because they consume the most. And I would have no problem with a luxury tax.

Lastly you pay at point of sale and no record keeping or paying CPA or processing required.

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