Opinion: DeSantis 2024?

[Belsnickel]

(08-17-2022, 08:16 PM)basballguy Wrote: How is everyone paying the same tax rate NOT fair?  In all aspects of life, except taxes, we pay the same thing for goods and services.  If we can't afford those goods and services, then government funded programs come into play to bridge that gap.

We pay the same price for everything else in life. Why does it make sense that taxes be progressive? Hint: It doesn't.

(08-17-2022, 08:20 PM)SunsetBengal Wrote: How is that not fair?  Wealthier people can afford goods and services that cost much more than the average worker, thus paying more sales tax on each transaction. The affluent purchase more expensive homes, vehicles, clothing, general products, etc.  It even goes to basic necessities like groceries and sundries.  Have you ever checked the difference in price for shopping at a Supermarket in a wealthy neighborhood versus in a low income area?  I have, and it's an eye opener.  Don't be so sure that a consumption based tax isn't the right way to go.  Sure, you may have to put different tax rates on some things like commodities such as fuel, but on general consumer products it will lean toward those with more money paying more tax.

Consumption based taxes are always inherently regressive, not flat. The lower income you have, the more of you income you have to use for purchases in order to live. As your income goes up, the percentage of your income you must spend in order to survive will always decrease. They may spend more on luxuries, but it is always true that the higher your income the lower the percentage of your income will be spent because you do not have to. It's a known factor in tax policy. The higher your income the lower your effective tax rate in a consumption based system.

Sunset, haven't you told me your wife is an accountant? She can explain this to you. It's a fact of taxation.