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the funniest thing about a view tax or a waterfront tax is you would be taxed on something that you don't own. the state owns all bodies of water and someone else owns whatever you are looking at.. so if you overlook a golf course not only is the golf course being taxed for what they own you are being taxed for looking at it. I'm curious how your house compares to a house tax wise that is on the golf course
I am categorically opposed to taxing physical property including dwellings, automobiles and purchases. I believe all personal taxes should be income based. Income is the most direct measure of the benefit a person receives from a society and a government. When calculating these taxes all income from all sources has to be considered before subtracting a value equal to the 85th percentile of all incomes and applying a progressively increasing multiplier to the remaining amount in order to calculate the taxes owed.
I am categorically opposed to taxing physical property including dwellings, automobiles and purchases. I believe all personal taxes should be income based. Income is the most direct measure of the benefit a person receives from a society and a government. When calculating these taxes all income from all sources has to be considered before subtracting a value equal to the 85th percentile of all incomes and applying a progressively increasing multiplier to the remaining amount in order to calculate the taxes owed.
What about the wealthy person ho has no income anymore? Say, someone with millions he inherited -- or earned himself before -- whichever. No current income, but has a ton of money...should he pay tax?
What about the wealthy person ho has no income anymore? Say, someone with millions he inherited -- or earned himself before -- whichever. No current income, but has a ton of money...should he pay tax?
NDQ
Nothing. When Kerry ran for president, it was revealed that his marginal tax rate was 15% despite the fact that he and his wife had hundreds of millions in wealth and their income was mostly from interest on tax free municipal bonds.
I am categorically opposed to taxing physical property including dwellings, automobiles and purchases. I believe all personal taxes should be income based. Income is the most direct measure of the benefit a person receives from a society and a government. When calculating these taxes all income from all sources has to be considered before subtracting a value equal to the 85th percentile of all incomes and applying a progressively increasing multiplier to the remaining amount in order to calculate the taxes owed.
So only 15% of people in the country would pay taxes? Heck you could tax the rich at 75% of their income as you'd get 85% of the country to vote for those rich guys to pay all the taxes. Of course when the rich guy realizes that 3/4 of what he makes will go to others he won't be likely to work very hard, will he. Or, he'll just move somewhere else with his wealth...
If someone was living off inherited wealth the income from that wealth would be taxed even if the wealth were in tax free bonds because that program, among others, would be eliminated. All income from all sources is what I said. I have observed that the existing wealthy tend not to work at making even more money but, along with the strivers, are working more for status, power and prestige than money. Both Sen. Kerry and ex President Bush are examples.
If the rich person desires to maintain US citizenship with all the associated diplomatic and financial benefits he will pay taxes wherever he lives.
I hate to sound like a d!ck from Massachusetts, but I your New Hampshireites make it seem like there aren't any taxes north of the border. A view tax? At least our sales take makes sense
I hate to sound like a d!ck from Massachusetts, but I your New Hampshireites make it seem like there aren't any taxes north of the border. A view tax? At least our sales take makes sense
No sales tax makes sense. You may prefer to pay it for whatever reason, but calling it any form of sensible is nonsense. The view tax is despicable for a variety of reasons, but a sales tax is a consumption tax, which is a tax on the right to live.
No sales tax makes sense. You may prefer to pay it for whatever reason, but calling it any form of sensible is nonsense. The view tax is despicable for a variety of reasons, but a sales tax is a consumption tax, which is a tax on the right to live.
Damn right!
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