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View Diary: Missing the Boat on Gingrich’s Tiffany’s Issue (140 comments)

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  •  I look at it this way. (3+ / 0-)
    Recommended by:
    myrealname, eXtina, sidnora

    Someone spends $500K on something (anything) in NYC, that's $43,375 in sales tax for the State, the City, and the MTA (mass transit).

    Yes, I want an income tax structure that is more fair (higher for the very wealthy), and all the other things spoken about here... but let the very rich also spend.  They want a half-million dollar necklace... awesome, just buy it in NYC please and help pay my public school teacher salary.

    •  that's how the right wing (0+ / 0-)

      sells regressive sales taxes to people down here, other people will pay, peoplle from out of town, out of state, etc.

      They never mention that the poor and middle class invariably end up with a tax increase, the rich, who spend less as a percentage of total income on consumables, get a big tax break, and generally, the sales tax generates less income overall than a fair and progressive income tax would generate.

    •  But now repubs are cutting the safety net for (2+ / 0-)
      Recommended by:
      terabthia2, PsychoSavannah

      those who need it in order to hang on to needless tax cuts for the wealthy.

      The hundreds of thousands Newt's spending on bling would have gone into the US Treasury, but for the Bush tax cuts.  

      Without the Bush tax cuts, the debt would not be so overwhelming and repubs wouldn't be able to wield their meat cleaver to make cuts.

      Connect Newt's bling and the folly of tax cuts for the wealthy.

      He could probably afford to pay the pre-Bush taxes and still buy plenty of bling.  So there would still be sales tax revenue coming in from him.

      Some people fight fire with fire. Professionals use water.

      by Happy Days on Fri May 27, 2011 at 08:39:50 AM PDT

      [ Parent ]

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