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View Diary: The only Progressive Tax is Income Tax - All the other taxes should be scrapped (52 comments)

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    Involuntary Exile

    There need be no drag on sales by such a blunt instrument as Sales Tax. You will not need to tax "luxury" items at a higher rate, if the wealthy are actually paying their fair share.

    Capital Gains Tax can be treated as income when the gain is realised. There can be exemptions and deductions for inflation between the time of axquisition and the time of the sale. Then we know the gain in real terms, and can tax it at an individuals marginal rate.

    There is no good reason why unearned income should be taxed at a rate lower than that paid by people who work for a living.

    As for your property question .... It is the income from your properties that would be taxed, in your State of residence, or shared if such arrangements exist.

    Fire, Police .... we all benefit from them but there is little reason to ring fence the funding by district.

    I hope that the quality of debate will improve,
    but I fear we will remain Democrats.

    Who is twigg?

    by twigg on Wed Mar 06, 2013 at 05:48:58 PM PST

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