U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-13-2019, 01:45 PM
 
Location: Cole Valley, CA
360 posts, read 157,368 times
Reputation: 715

Advertisements

Quote:
Originally Posted by splattenburgers View Post
Secondly sales/consumption taxes have a greater chance of harming the economy compared to income taxes since they de-incentivize spending money on goods while also possibly having other unwanted side effects such as discouraging tourism.
You could also say that income taxes discourage earning an income!
Reply With Quote Quick reply to this message

 
Old 12-13-2019, 02:57 PM
 
4,803 posts, read 1,261,924 times
Reputation: 5688
Quote:
Originally Posted by Dapper Zoom View Post
You could also say that income taxes discourage earning an income!
At the very lower levels, I'd say yes. If you risk losing refundable credits that you receive by not working (at all, or as much) I can see the perceived disincentive. I am grateful I have not been at that level for some time, having to deal with making that decision, but I realize that many people are.
Reply With Quote Quick reply to this message
 
Old 12-13-2019, 07:17 PM
 
2,705 posts, read 2,047,032 times
Reputation: 4781
Sales tax taxes my "SAVINGS" not my INCOME, so to speak.

I don't spend money on ANYTHING I cannot afford, or simply, can do without.
Buying something (anything) is done at my discretion - 100% Nobody makes me do it. The only exception is insurance which is sometimes legally required. (there should never be a tax on insurance)

But, I have zero control over how much tax money is taken from my income as "income tax".

What about that don't you get?
Reply With Quote Quick reply to this message
 
Old 12-13-2019, 08:06 PM
 
3,008 posts, read 1,968,807 times
Reputation: 6779
Quote:
Originally Posted by TwinbrookNine View Post
Sales tax taxes my "SAVINGS" not my INCOME, so to speak.

I don't spend money on ANYTHING I cannot afford, or simply, can do without.
Buying something (anything) is done at my discretion - 100% Nobody makes me do it. The only exception is insurance which is sometimes legally required. (there should never be a tax on insurance)

But, I have zero control over how much tax money is taken from my income as "income tax".

What about that don't you get?

Sales tax taxes consumption not savings.

You don’t have “zero” control over income tax. You can control the kinds of income you generate and what deductions you may get.
Reply With Quote Quick reply to this message
 
Old 12-13-2019, 08:39 PM
 
3,309 posts, read 3,108,045 times
Reputation: 1946
Quote:
Originally Posted by Thatsright19 View Post
My goodness.

Let’s say my state has tons of outside summer tourism for its thousands of lakes, some of them Great Lakes. These visitors don’t work or earn any income in my state what so ever. How do I tax them? A state sales tax on consumption.

The state is passing a portion of its revenue collection to outsiders.

Let’s say my state is a cross roads state, say THE crossroads state of Indiana. Or maybe Ohio. Millions of people just passing thru. How do I tax them as a state? Income tax? Nope.

Or let’s say I’m an income tax free state with a certain desert city people like to visit. Or another one that’s a swampy state full of retirees who might not have tons of earned w2 income.

Voters in my state...do you want to pay a 12 percent income tax to fund our operations? No? Ok. Do you want to pass tax burden onto people who can’t vote in our state while lowering your overall burden to have our state function? Yes! Heres your 7 percent sales tax.

Wow that was hard to prove that income taxes aren’t “objectively” better for a state to raise revenue.
This logic also works on a national level. If you have a VAT or national sales tax you can tax tourism and much more critically imports, without taxing exports, and without igniting a trade war due to explicit tariffs. An income tax on the flip side taxes the profits made off of exports but leaves imports completely untaxed. European style VAT regimes are much more well optimized for shifting part of the burden of local taxation onto foreign countries than our system is.
Reply With Quote Quick reply to this message
 
Old 12-16-2019, 03:13 PM
Status: "願榮光歸香港" (set 17 days ago)
 
Location: in Plato's wine cave, filled with crystals.
5,350 posts, read 976,187 times
Reputation: 1862
Sales tax transfers the focus of tax enforcement apparatus (i.e. the IRS) from the millions who make a paycheck, to the small minority who own and operate retail businesses.

When enforcement is focused on a small minority, the scope for abusive enforcement greatly expands. When only the small minority is affected, the masses tend not to care so much about abuse. If you're not a witch, what do you care about witch trials?
Reply With Quote Quick reply to this message
 
Old 12-18-2019, 10:51 AM
 
3,645 posts, read 1,003,759 times
Reputation: 6373
Quote:
Originally Posted by Thatsright19 View Post
Your understanding of the term objective is as poor as your understanding of different types of taxes.
Don't make fun of the simple-minded economically illiterate. One day, they'll be the ones who change our diapers when we're in a nursing home.
Reply With Quote Quick reply to this message
 
Old 12-18-2019, 10:57 AM
 
3,645 posts, read 1,003,759 times
Reputation: 6373
Quote:
Originally Posted by Elliott_CA View Post
Sales taxes are inferior, mainly because they are regressive and hurt the poor far more than the wealthy.
That's irrelevant, of course.
Reply With Quote Quick reply to this message
 
Old 12-18-2019, 10:59 AM
 
3,645 posts, read 1,003,759 times
Reputation: 6373
Quote:
Originally Posted by Dapper Zoom View Post
You could also say that income taxes discourage earning an income!
It does. That's just one reason it is a bad tax.
Reply With Quote Quick reply to this message
 
Old 12-18-2019, 11:00 AM
 
3,645 posts, read 1,003,759 times
Reputation: 6373
Quote:
Originally Posted by TwinbrookNine View Post
Sales tax taxes my "SAVINGS" not my INCOME, so to speak.
Nope. Sales tax taxes your CONSUMPTION, not your savings.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top