Recruiting Forum Off Topic Thread III

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#13,155
#13,155
drvenner said:
I moved my reply to the off-topic, but I agree with you. Sales tax is among the most regressive there is. Not even close. It takes a larger percent of income from the lower and middle classes than the those in the upper class, which to me, makes it extremely regressive.
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Tell that to the guy that just wrote me a $20,000 Check for his sales tax bill.
 
#13,156
#13,156
drvenner said:
I moved my reply to the off-topic, but I agree with you. Sales tax is among the most regressive there is. Not even close. It takes a larger percent of income from the lower and middle classes than the those in the upper class, which to me, makes it extremely regressive.
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Truly is. Upper class can easily spend a small portion of income, get by, and it is hardly taxed. Middle working class have to spend near 100% of income to get by, so even their post-tax income is fully taxed once again.

It's embarrassingly regressive.
 
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#13,157
#13,157
InVOLuntary said:
Tell that to the guy that just wrote me a $20,000 Check for his sales tax bill.
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Point. Missed. It is about rates and portion of income taxed (therefore total effective rate) which makes something regressive. If a middle class person has to spend 100% of income and is taxed at 10%, then an upper class person has to spend 25% of their income to live, and yet they are taxed at the SAME 10% rate, that is the point of regressiveness. It benefits rich, hurts the rest.

This isn't debatable unless you are just misinformed. Read up on basic economics, tax policies, research metastudies on progressive/regressive taxation. It's all out there.
 
#13,158
#13,158
Wealthy people tend to spend more. They buy expensive cars, boats, motorhomes. They have more expensive houses this pay more property taxes. Like I said, I just collected over $20K from one of my customers for sales taxes on a single purchase.
 
#13,159
#13,159
Devo182 said:
Point. Missed. It is about rates and portion of income taxed (therefore total effective rate) which makes something regressive. If a middle class person has to spend 100% of income and is taxed at 10%, then an upper class person has to spend 25% of their income to live, and yet they are taxed at the SAME 10% rate, that is the point of regressiveness. It benefits rich, hurts the rest.

This isn't debatable.
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People on the lower scale also are more of a burden on services. What you're talking about us nothing more than taking from one group and giving it to another. It's socialism at it's finest. If that's what you want then own it.
 
#13,160
#13,160
InVOLuntary said:
Wealthy people tend to spend more. They buy expensive cars, boats, motorhomes. They have more expensive houses this pay more property taxes. Like I said, I just collected over $20K from one of my customers for sales taxes on a single purchase.
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You are missing the entire debate here. See, regressive vs progressive taxation is about rates, and ultimately effective rates.

You are talking about who pays the most in total amounts, which no one would sensibly debate. This is like civics 101 man. Take a lap. Read up on american tax policy, debates, and what progressive taxation is.
 
#13,162
#13,162
Devo182 said:
You are missing the entire debate here. See, regressive vs progressive taxation is about rates, and ultimately effective rates.

You are talking about who pays the most in total amounts, which no one would sensibly debate. This is like civics 101 man. Take a lap. Read up on american tax policy, debates, and what progressive taxation is.
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I'm not missing the point at all. You can't see the forest for the trees. The sales tax is the perfect tax. The more you have, the more you spend. It's proportional to your income. It's also voluntary so you don't have to pay it unless you spend money. It's also hard to avoid it like with income tax when you can hide it. You can also avoid paying taxes on some things by purchasing used from an individual.
Also, food, at least in Tennessee, is taxed at a much lower rate.

Like I said, poor people take much more from society than they give so if you want to make them pay less then you want others to pay more of their share. That's socialism and wealth redistribution.
 
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#13,166
#13,166
Devo182 said:
Truly is. Upper class can easily spend a small portion of income, get by, and it is hardly taxed. Middle working class have to spend near 100% of income to get by, so even their post-tax income is fully taxed once again.

It's embarrassingly regressive.
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The arguments that it's optional or that everyone pays the same rate are very clearly wrong. I am not in favor of an income tax either, but we do need to quit raising the sales tax.
 
#13,168
#13,168
bignewt said:
How about no income tax and a federal sales tax? No hiding anything you pay tax on what you buy but no tax on essentials i.e. food, medicine etc. Massive downsize of the IRS. The whole country generates more revenue with less overhead.
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Sounds good Ron. Problem is wealthy are getting wealthier...still waiting for it to trickle down. The faucet got turned off somewhere. Maybe its got a leak! Gotta have some taxes.

These massive tax breaks on wealthy kill me
 
#13,170
#13,170
IIRC, TN is one of the top five credit rated by the three major bond rating agencies. It is also rated top 5 in fiscal status. With a balanced budget amendment, phase out of the Hall Tax, phase out of death taxes, and huge economic gains with low unemployment, real wage growth occurring primarily in the working class as it has been posted on here, and low inflation - please explain to me again how having a personal income tax is better than sales taxes. IIRC, in every state where there is a personal income tax there are also sales taxes. Yet, the reverse is not always true as we know. With strong tourism using other people's money (OPM) to build the tax base along with a strongly growing manufacturing segment, I think we have this thing pretty well figured out. The high sales tax revenue generating counties have been shoring up the state's education system costs of the lesser revenue counties for years. Then add in free tuition at community colleges statewide. So much for regressive versus progressive terminology for the truth lies in the experiences, not the textbooks of theorists. In the real world in TN we save and build reserves when times are good so we can spend as needed when times are bad. Which is what leaders of states with income taxes tend to forget. We do it with a lot of OPM. Driving tax revenues from the sales of goods and services is capitalism. Driving tax revenues from taking the people's earned income away is redistribution of wealth - which is socialism.

Spending should be proportional to income. It's really, really lazy to use the old "barely getting by spending all they make" argument. The perceived necessities of the middle and lower income groups in America would make the vast majority of people in the world envious.
 
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#13,171
#13,171
jackcrevol said:
Sounds good Ron. Problem is wealthy are getting wealthier...still waiting for it to trickle down. The faucet got turned off somewhere. Maybe its got a leak! Gotta have some taxes.

These massive tax breaks on wealthy kill me
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I don't know what you are using for that statement, but current government reports are not saying that. The wealthy are neutral, the middle is growing the most and the lower is growing, just not as much as middle. Total tax revenues are increasing strongly. It's the spending by government that is totally out of control.
 
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