The Political Fray - Political Forum
Go Back   Political Fray > The Political Fray > Economics

Economics For discussion about economics, financial markets, investing, stock markets, finance, and economic theory


Thanks Tree1Thanks
  • 1 Post By Supposn
Reply
 
LinkBack Thread Tools Display Modes
Old March 27th, 2015, 03:55 PM   #1
Representative
 
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

Sales taxes are less regressive than flat rated income taxes.

Sales taxes are less regressive than flat rated income taxes.

Due to political and accounting difficulties, methods of calculating net incomes that has or may likely to be enacted into federal tax regulations significantly greater understate taxable incomes of wealthier taxpayers.
This remains true when considering the actual amounts of understatement or those amounts proportional to the taxpayers’ actual net incomes.
p
Taxpayers’ purchases’ (rather than any tax forms calculations), more accurately reflect taxpayers’ actual net incomes in proportion to each other. Thus general sales taxes (which are usually flat rated), are less regressive than flat rated income taxes.

Respectfully, Supposn
Thanks from tecoyah

Last edited by Supposn; March 28th, 2015 at 12:12 AM.
Supposn is offline  
Old March 27th, 2015, 06:28 PM   #2
Vice President
 
Aufgeblassen's Avatar
 
Joined: Jul 2013
From: Central FL
Posts: 9,784

It is time to start a revolution!!!
Aufgeblassen is offline  
Old November 22nd, 2015, 05:52 AM   #3
Vice President
 
Aufgeblassen's Avatar
 
Joined: Jul 2013
From: Central FL
Posts: 9,784

Quote:
Originally Posted by reason10 View Post
The income tax is a tax on having a job.
... and the better (i.e. higher paying) job you pay, the greater is your tax burden.

They lie when they say the rich don't pay their "fair share". The truth is, they pay FAR MORE than their fair share in absolute dollars.
Aufgeblassen is offline  
Old November 30th, 2015, 05:46 AM   #4
Representative
 
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

Aufgeblassen & Reason10, If both of you are opposed to both taxes upon net incomes and upon gross sales, how do you propose we fund our government?

Respectfully, Supposn
Supposn is offline  
Old November 30th, 2015, 07:47 PM   #5
Representative
 
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

Quote:
Originally Posted by reason10 View Post
Damned good question.

Why is it the liberals who want one new social program after another don't worry so much about funding those programs? After all, America has a multi trillion dollar credit card.

Ever notice how government was funding without the income tax for most of our existence? We did fine before the 16th Amendment.

The people who want to raise taxes are ironically the same jokers who want to raise spending and borrow trillions to fund that spending.

I believe sales taxes (modest ones at that) could easily fund the legitimate functions of government. The Constitutional functions, that is. Get rid of the welfare state and the national debt could be retired in a few years.
Reason10, the topic is in regard to our manner of funding the federal government.

You’d prefer a federal sales tax but it should replace all income taxes and government spending should only be for the purposes YOU approve of?

Our methods of taxation and what policies our federal government pursues are separate issues.
As you responded, the question as to how you or Aufgeblassen would prefer to fund the federal government is a damn good question. I’d be interested in real answers.

Prior to taxation of net incomes, our federal government was funded primarily by taxing alcoholic beverages and the collecting of tariffs.

Respectfully, Supposn
Supposn is offline  
Old December 1st, 2015, 07:54 AM   #6
Representative
 
Joined: Aug 2010
From: Cliffside Park, NJ
Posts: 184

Quote:
Originally Posted by reason10 View Post
No, I said LEGITIMATE uses of government, as in what the FOUNDING FATHERS had in mind. ...
Reason10, advocate we revert to slavery, bondage servants and child labor. Let’s do away with health, sanitation and safety laws?
It was exciting to gamble whenever anyone traveled or ingested food or medicine.
Regarding medicine, wasn’t it great when anyone could call themselves a physician and they weren’t required to be schooled?
Regarding education, our government did not proactively seek education for all our citizens.

You and Aufgeblassen prefer a federal sales tax but it should replace all income taxes and government spending should only be for the purposes YOU approve of. Likely the U.S. Congress will continue to passing some laws and pursue some policies that are not amiable to your preferences. That being the case, how do you two prefer we fund our federal government in the future?

Respectfully, Supposn
Supposn is offline  
Old December 1st, 2015, 12:02 PM   #7
Vice President
 
Aufgeblassen's Avatar
 
Joined: Jul 2013
From: Central FL
Posts: 9,784

You are CLUELESS! Sorry, don't know what else to say!
Aufgeblassen is offline  
Reply

  Political Fray > The Political Fray > Economics

Tags
flat , income , income tax , progressive , rated , regressive , regressivenet income , sales , sales tax , taxes



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Taxes a777pilot Economics 91 February 10th, 2013 03:33 PM
Let's swap taxes, BC style myp Economics 1 July 5th, 2012 08:44 PM
The flat (income) tax is a regressive tax myp Economics 34 March 6th, 2012 07:17 PM
Pigovian taxes myp Economics 15 January 26th, 2012 04:53 PM
US taxes - would you pay more to get more? curious Current Events 20 April 23rd, 2009 12:49 AM


Facebook Twitter RSS Feed



Copyright © 2009-2013 Political Fray. All rights reserved.