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Your ideal tax scenario
Mad_Son
Member Posts: 10,190
in Tug Tavern
Obviously we all want the maximum return from our government with the minimum input. What we want from the government will drastically vary from person to person, but assuming you believe a government should exist and do things that cost money (realistically the basic existence of a minimal government costs at least some small amount of money), how should it be funded?
Personally I don't believe in estate taxes, sales taxes corporate taxes, etc, etc. The only taxes that fundamentally make sense to me are income taxes and property taxes. I believe in a government for the people, by the people, and the people should be who pay for it. I also believe that the land must be worked and if land is not productive it needs to be put to use. I think on some level it is absurd that just by being there first you get to own land, and while some people are born on third base others are born in the stands. It is tough to reconcile the historic basis for land ownership with modern reality where land is much scarcer per person, but I don't believe in ex post facto so if you own something before you should keep it now. In a similar vein I do believe in royalties to the government for exploiting a country's natural resources but that is very separate from a generic corporate taxes.
In terms of income taxes I conceptually like flat taxes but I believe progressive taxes also make sense on some level (after all the more you have the more you benefit from the security of a country's military and police force - it is very much an insurance policy for your massive holdings if you have them).
Anyways, what do you think. I know we're burdened by the tax system we have today, but in an ideal world what you like to see?
Personally I don't believe in estate taxes, sales taxes corporate taxes, etc, etc. The only taxes that fundamentally make sense to me are income taxes and property taxes. I believe in a government for the people, by the people, and the people should be who pay for it. I also believe that the land must be worked and if land is not productive it needs to be put to use. I think on some level it is absurd that just by being there first you get to own land, and while some people are born on third base others are born in the stands. It is tough to reconcile the historic basis for land ownership with modern reality where land is much scarcer per person, but I don't believe in ex post facto so if you own something before you should keep it now. In a similar vein I do believe in royalties to the government for exploiting a country's natural resources but that is very separate from a generic corporate taxes.
In terms of income taxes I conceptually like flat taxes but I believe progressive taxes also make sense on some level (after all the more you have the more you benefit from the security of a country's military and police force - it is very much an insurance policy for your massive holdings if you have them).
Anyways, what do you think. I know we're burdened by the tax system we have today, but in an ideal world what you like to see?
Comments
I think its ridiculous that ANYONE could suggest that Corporations should not be taxed.
Forget the fact that if EVERYONE incorporated then the Government has no tax base.
How about CORPORATIONS REQUIRE GOVERNMENT SERVICES ? Why should someone living below the fucking poverty line pay for the greedy fucking corporation's existence?
But to answer your question - then the best tax system would be similar to what we have now but with fewer loopholes. ALL earnings should be taxed. People that make more money should be taxed at higher rates.
Taxes are something somebody else pays and you just get the free shit.
A) You keep the economy stronger by charging low to no income taxes is fucktarded as the lions share or the money goes to the richest of the rich. Bonuses for CEOS' and higher dividend for fatcat shareholders. I'm all for the ones who made the risk to get paid off but they need to pay their taxes to.
It's a delicate balance, Corporations need to pay taxes but not a much higher amount than now as they will pull up stakes and leave the Country if taxed too high.
I think it is a little fucked up my property tax bill is 50% of what my annual mortgage payment is.
I don't believe in property tax. It is a continual tax based on an arbitrary number created by a bureaucrat. As a side note I find it highly amusing that when the Texas Supreme Court ruled property taxes were unconstitutionally high, my rate went down ... but the value of my home went up by 25%. Just below the 26% annual cap increase. I am now paying a higher dollar amount on a lower percentage. One time tax on your property during its transfer of ownership.
I also don't believe in taxing labor or income.
Let's get to a consumption based tax. If you don't spend money, you don't get taxed.
I do believe in corporate tax. This is just an income tax for corporations, so I am a little inconsistent here. However, if they don't invest or promote jobs they should pay a tax penalty.
End of day ... I believe taxes serve two purposes, one is to generate revenue, the second is to modify behavior. To someone's point we can use taxes for good ... and encourage behaviors such as saving and paying off your house quicker.
The challenge is that people also see taxes as a way to support their pet interest and hold power (see Bernie Sanders) and give away free shit.
No matter what our tax structure the fucktards in Washington will fuck it up.
Oh wait, no he doesn't, he just shoots off his cake hole like he does.
Shut your cunt, toppy. Nobody believes you're paying anyone's way except you.
I don't get shit for free. In fact I pay to not have health insurance.
To summarize, you're a fucking idiot.
Not uncommon for your ilk.
Being over 60, old .white and not rich enough to pay for a catastrophic health event and not buying health insurance is akin to a welfare mom shooting out another snotter for a bigger paycheck.
You should be ashamed of yourself if true.