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shellfisher | 3 years ago
Consumption up to that amount is taxed at 0%. Marginal consumption above that amount is taxed at 20%.
shellfisher | 3 years ago
Consumption up to that amount is taxed at 0%. Marginal consumption above that amount is taxed at 20%.
saalweachter|3 years ago
Making sales tax less regressive would be a good thing.
The implementation difficulties don't bother me per se; I think what's making me not like this idea is that it wouldn't do much for wealth disparity. If you're Wealthy with a capital W, you don't really spend that much, compared to your income.
But even if I'm also interested in tax policies to decrease the accumulation of massive amounts of wealth and the accompanying power in the hands of a single individual, I shouldn't dislike a tax policy that would do a different good thing -- if it could be implemented -- just because it doesn't do the other thing I want.
lotsofpulp|3 years ago
These problems can be solved via extremely high estate taxes or property taxes.
qsort|3 years ago