Ideas for Improving America
Lease this WebApp and get rid of the ads.
David F Mayer
Stock purchases, and investments in general are NOT subject
Wed May 13, 2009 9:47pm

to sales taxes.

  • Who said thatSprout, Wed May 13 9:16pm
    mansions are not taxed? If there are no exemptions for products (again, your proposed simplified tax system), then anything you buy will be taxed... Sure, the cash you spend in Morocco won't be... more
    • Stock purchases, and investments in general are NOT subject — David F Mayer, Wed May 13 9:47pm
      • Indeed....Sprout, Thu May 14 7:43am
        But, you have proposed a TOTAL revamping of the tax code.... Why would that exemption remain? What the 'fair tax plan' also proposed is a total revamping of the tax code. Why assume that such an... more
        • The personal exemption of perhaps $6000 per personDavid F Mayer, Thu May 14 3:34pm
          would be so that poor people do not starve in order to pay their taxes. Since it is the same for everybody, and it affects ONLY the poor significantly, it would be a requirement for a tax code that... more
          • I agree....Sprout, Thu May 14 9:23pm
            Which is why the 'fair tax plan' provides a rebate (called a pre-bate) that is paid to each individual. This returns to each individaul the amount of taxes that they spend on the basic essentials...... more
            • I prefer income tax to sales tax.David F Mayer, Thu May 14 9:38pm
              Sales tax hits everybody. Income tax hits people only when they have income. Retirees, unemployed persons, etc, etc, would not pay any income taxes, but WOULD pay sales taxes. I say, pay it when you... more
              • Likewise.Poppet, Fri May 15 9:19am
                Sales Taxes are, by their very nature, regressive. Even when exceptions are made for certain necessities like food and medicine, the overall effect is to collect a far greater portion of the income... more
                • VAT = Universal Sales Tax at All Levels. It stinks.David F Mayer, Fri May 15 10:25am
                  VAT is another example of how "liberal" Europe kisses the butts of the rich guys while taxing the hell out of the working classes. So are "Payroll Taxes". They are equally regressive, having a cap on ... more
Click here to receive daily updates
Tell your friends about this board