Wednesday, December 24 2008, 7:47 pm
I've got an idea for resolving the tax problem -- one that would kill two birds with one stone.
Cancel the income tax, and implement a sales tax. Extend it to services as well as good, but don't let it affect food, water, housing, medical care, education, and so forth.
Sure, I would hate to have a service tax slapped on the services I provide professionally, but really, I'd much prefer it to income tax.
(We just have to orchestrate a way to do it without BOTH taxes sticking. This means ELIMINATE the income tax completely, FIRST. Then proceed.)
Then set the sales tax as a standard, easily calculable number. !5% is much too hard. 10% is good. Then, and here comes the GREAT part, make any cents calculated into the tax ROUND UP. Yes, to the next dollar amount.
Is your item $1000? Then the tax is $100. Is it $999.99? Then the tax is $100. Simple.
Now companies have an incentive (for their customers' benefit) to put REASONABLE prices on their items.
You saw it first here.
Cancel the income tax, and implement a sales tax. Extend it to services as well as good, but don't let it affect food, water, housing, medical care, education, and so forth.
Sure, I would hate to have a service tax slapped on the services I provide professionally, but really, I'd much prefer it to income tax.
(We just have to orchestrate a way to do it without BOTH taxes sticking. This means ELIMINATE the income tax completely, FIRST. Then proceed.)
Then set the sales tax as a standard, easily calculable number. !5% is much too hard. 10% is good. Then, and here comes the GREAT part, make any cents calculated into the tax ROUND UP. Yes, to the next dollar amount.
Is your item $1000? Then the tax is $100. Is it $999.99? Then the tax is $100. Simple.
Now companies have an incentive (for their customers' benefit) to put REASONABLE prices on their items.
You saw it first here.
categorized as fiscal policy



















we just need a simple flat tax with NO exemptions.