Yes, I would like to see the books on this one. Unless they are cutting back spending they will just wrack up more debt. Given liberals mindset I have a suspicion this is more the case. Besides I feel like this is the ass backwards way of doing taxes. Remove income tax if you want to reduce taxes for people to stimulate the economy, sales taxes are legit means for gov to get the money they need to function but they need to downsize gov because it has become a fat bloated parasite. If they did that they could remove income tax all together and everyone would be wealthier.
Ok, so tax when you make it or tax when you spend it. If people don't spend then the economy is dead. It is much fairer and more productive to tax people once and then let them spend what the government has so gracefully left them in peace.
Well as it is right now in most places we get dinged for both lol. The reason taxing bought goods and services is the correct way to do taxes is because people only pay tax on what they buy. They are not being blanket taxed just for earning an income. Lastly I think income tax removal is probably a bigger chunk of change back in people’s pockets than removing sales tax but the biggest benefit is people have more money to spend, they have more financial flexibility because they will have more take home money and they will probably spend more because they have a better quality of life and generally when you are less stressed you buy more stuff instead of gripping those nickels tighter.
Yes, I would like to see the books on this one. Unless they are cutting back spending they will just wrack up more debt. Given liberals mindset I have a suspicion this is more the case. Besides I feel like this is the ass backwards way of doing taxes. Remove income tax if you want to reduce taxes for people to stimulate the economy, sales taxes are legit means for gov to get the money they need to function but they need to downsize gov because it has become a fat bloated parasite. If they did that they could remove income tax all together and everyone would be wealthier.
Bingo - abolishing income tax is the best way to starve the beast.
Ok, so tax when you make it or tax when you spend it. If people don't spend then the economy is dead. It is much fairer and more productive to tax people once and then let them spend what the government has so gracefully left them in peace.
Well as it is right now in most places we get dinged for both lol. The reason taxing bought goods and services is the correct way to do taxes is because people only pay tax on what they buy. They are not being blanket taxed just for earning an income. Lastly I think income tax removal is probably a bigger chunk of change back in people’s pockets than removing sales tax but the biggest benefit is people have more money to spend, they have more financial flexibility because they will have more take home money and they will probably spend more because they have a better quality of life and generally when you are less stressed you buy more stuff instead of gripping those nickels tighter.