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Originally Posted by kaykay
Please don't tell me we already have a "luxury tax" and therefore, it's right. Maybe that is wrong as well. Just because it's been taxed in the past and has precedent doesn't make it right.
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You are correct.
Quote:
Originally Posted by kaykay
I know this is unpopular to say, but actually, it seems more equitable and tolerable to me to raise (income) taxes across the board IF taxes must be raised than to just pick out some things "willy nilly" and say that we're going to now "tax" that. (Don't shoot me. I don't like that idea either but for whatever reason, to me it seems more "just" somehow. )
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Not going to shoot you. On the surface what you suggest makes sense but the argument falls apart when you dig a bit deeper. Every time taxes raise, revenues drop. When taxes are lower, revenue increases. It would take pages to explain but to simplify, tax revenues work along the same rules as supply & demand and economy of scale.
Though I disagree with sin taxes, they do actually work to increase revenue as long as they're not painful. However, If the sin taxes become too high, they only serve to bolster the black market.