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Topic Summary

Posted by: Giuliano Taverna
« on: May 08, 2009, 03:27:47 pm »

the more expensive, the more money paid do to percentage.

35% of 500 is 175

35% of 100,000 is 3,5000

Its automatically progressive due to the nature of taking a percentage from a price. But maybe half it for economy TV's. we'll do more like 5%. 25 dollars extra.
Posted by: Alia
« on: May 08, 2009, 02:53:54 pm »

Televisions are a necessity though. I cancelled my DirecTV a while ago and I suspect that due to the lack of constant media exposure I may be developing some offensive views.

In all seriousness though, people need their TVs, tax those progressively; the more expensive, the more % tax they pay.

< $500 = 0%

$500 - $799 = 9%

$800 - $1199 = 15%

$1200 - $2599 = 26%

$2600 - $9999 = 33%

$10,000+ = 45%

$100,000+ = 66%

Or whatever; the greater the luxury, the greater the luxury tax.
Posted by: Giuliano Taverna
« on: May 08, 2009, 10:02:44 am »

I'd say they have good taste in beef, then I remind them their next plasma screen, limo, or yacht is going to cost them an extra 35% and they might want to start making more frugal choices.
Posted by: Alia
« on: May 07, 2009, 11:28:17 pm »

Only certain kinds of cloths clothes and food. I'm all for a suger sugar tax, and a salt tax.

Then what do you say to rich New York ***slur deleted*** who buy $200 kobayashi beef steaks?
Posted by: Giuliano Taverna
« on: May 06, 2009, 09:00:36 pm »

Only certain kinds of cloths and food. I'm all for a suger tax, and a salt tax.
Posted by: Alia
« on: May 06, 2009, 06:45:44 pm »

The biggest and most absurd luxuries are food and clothes. Think about it.
Posted by: Giuliano Taverna
« on: May 06, 2009, 09:50:13 am »

A lot of hype has been made of the fair tax because it would simplify the tax code. However the Fairtax as it is designed would be a regressive tax on the middle class, and benefit the very poor, and the very rich only.

However the underlying idea of a consumption tax is good. But it needs to be progressive, not regressive. By that I mean instead of taxing all goods at a flat rate. You would tax luxuries, and things like food, and clothing would be exempt. I believe this would be a fair, and ideal tax code, that would stimulate job growth, increase investment. Make it easier to start small business, and it would help American corporations compete with multi nationals.

It would be an all around benefit, and the best benefit would be the fact that you would be able to control how many taxes you pay by abstaining from luxuries. So if you live a frugal life already, you will save drastically.

My idea is somewhat based on my states current sales tax, which is only 5% on top of income, SSI, state, and other taxes. My proposal would expand it, and replace the other taxes, particularity income tax.

http://www.mass.gov/legis/laws/mgl/64h-6.htm