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View Poll Results: Which tax would you eliminate if you could?
Income tax 42 48.28%
Property tax 22 25.29%
Sales tax 12 13.79%
Other 9 10.34%
None 2 2.30%
Voters: 87. You may not vote on this poll

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Old 07-18-2013, 03:23 PM
 
33,016 posts, read 27,443,387 times
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Quote:
Originally Posted by hnsq View Post
Yes and no. Moving when you are an owner can carry huge financial losses. The same can't be said for renting.



So stop blaming the system when the problem is that you aren't trying to improve your situation.

I'd love to go to school and learn a skill but can't afford it.
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Old 07-18-2013, 03:27 PM
 
33,016 posts, read 27,443,387 times
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Quote:
Originally Posted by itshim View Post
Inheritance tax

I would eliminate the estate tax and replace it with an inheritance tax. I find it mind-boggling that someone who earns $15,000 a year pays moore tax than someone who inherits $1M and doesn't work at all.
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Old 07-18-2013, 03:28 PM
 
Location: SF Bay Area
12,287 posts, read 9,816,866 times
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Quote:
Originally Posted by freemkt View Post
I would eliminate the estate tax and replace it with an inheritance tax. I find it mind-boggling that someone who earns $15,000 a year pays moore tax than someone who inherits $1M and doesn't work at all.
Whoever earned the 1 million already paid the taxes, hope this clears things up for you
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Old 07-18-2013, 03:30 PM
 
Location: SF Bay Area
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Originally Posted by freemkt View Post
I'd love to go to school and learn a skill but can't afford it.
Community college is relatively cheap and you can learn many vocational skills. Plus many government programs are available to give or lend you money to go to school.
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Old 07-18-2013, 03:42 PM
 
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Originally Posted by shooting4life View Post
Whoever earned the 1 million already paid the taxes, hope this clears things up for you

not always, ever heard of basis step-up?
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Old 07-18-2013, 03:43 PM
 
33,016 posts, read 27,443,387 times
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Originally Posted by shooting4life View Post
Community college is relatively cheap and you can learn many vocational skills. Plus many government programs are available to give or lend you money to go to school.

I know that but I can't afford community college and do not qualify for any government programs.
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Old 07-18-2013, 03:44 PM
 
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It doesn't matter, the other taxes would just go up. However, for argument's sake, I'll say Sales Tax, because it is regressive.
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Old 07-18-2013, 03:51 PM
 
33,016 posts, read 27,443,387 times
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Quote:
Originally Posted by zombocom View Post
It doesn't matter, the other taxes would just go up. However, for argument's sake, I'll say Sales Tax, because it is regressive.

I'd like to see a 'global' tax limitation amendment, e.g. perhaps where total taxes are limited to some percentage of GDP. You're right, getting rid of a specific tax merely leads to tax increases elsewhere.

Since no specific tax is perfect and all taxes have flaws, having a mix of several different taxes is probably a good thing, but capping the total tax burden makes that tax mix even better.
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Old 07-18-2013, 03:51 PM
 
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The corporate tax (or the sales tax). If we are going to tax income progressively, then just tax income progressively and treat capital gains over a certain amount as income.
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Old 07-18-2013, 04:33 PM
 
Location: SF Bay Area
12,287 posts, read 9,816,866 times
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Quote:
Originally Posted by freemkt View Post
I know that but I can't afford community college and do not qualify for any government programs.
Here in California where cc is relatively expensive one unit costs $48. So you could take one class a we water while working for probably $250 including books. You cannot put aside $250 for 6 months to further your education?
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