B
[email protected]
- Jan 1, 1970
- 0
No! No! No! NOT a "sales" tax - that punishes the merchant.
Make it a "PURCHASE" tax, or outgo tax, or expenditure tax; the BUYER
pays the tax.
Of course, the rich would fight that tooth and nail - under the current
system, the rich just hire squadrons of lawyers to evade the current taxes.
Buy a $100.00 suit, pay $10.00 purchase tax.
Buy a $2,000.00 suit, pay $200.00 purchase tax.
Buy a $40,000,000.00 corporate jet, pay $4,000,000.00 purchase tax.
Of course, there would be no purchase tax on grocery store food, anything
medical, or used stuff (thrift shop clothes, yard sale stuff, etc.)
That would be not only fair, but it should please the "liberals",
because that would be a way to "soak the rich".
But it seems that common sense is a dying breed these days. Sigh.
Only in the US. You are on the way to re-inventing value added tax,
which is remarkably popular in Europe at the moment. You haven't got
to the bit about being able to claim back the value-added-tax on the
stuff you bought when you sold it on to someone else who paid value-
added-tax on what they bought, but that's the nice thing about re-
inventing the wheel - you do have to go through the lump roller stage.
http://en.wikipedia.org/wiki/Value_added_tax