The media types up the retail lobby’s propaganda
The thing is: It’s nuts that we’ve let Internet retailers go untaxed for as long as we have, as I’ve written for years. It’s a simple fairness issue: Bricks and mortar retailers shouldn’t face a 7 to 10 percent price handicap to retailers selling online.
You don’t need outlandish numbers from a discredited economist paid for by a vested interest to make the case for taxing online retail.
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Congrats, Ryan (D), you totally missed the part about how more effective sales taxes are than an income taxes that involves a zillion pages. OweBama likes you, you do everything he wants.
#1 Posted by Clayton Bigsby, CJR on Fri 19 Jul 2013 at 09:42 PM
Income is an opinion, sales are a fact.
The problem with our taxation of income is not in its theoretical progressive nature, but rather the thousands of exceptions that have made it the domain of the Mandarins of our time. Our taxation cannot remain dependent on a system that has become so corrupt that we rival third world countries. The only difference between USA and our third world rivals is that we have enshrined these payments in law.
#2 Posted by John ODonnell, CJR on Sat 20 Jul 2013 at 04:16 PM
Ryan,
You bore me. Your writing style is neither engaging nor insightful. The one fact I received from this article is that sales taxes are regressive. Thanks for the insight and welcome to econ 101!
Maybe you should review the Canons of Taxation - please find it yourself. Equity, certainty, convenience and economy. What this means is, although regressive, we would be better off with a sales tax because: a) it cost less to implement and maintain (economy), b) it is fair with no loopholes (certainty), c) we don't waste hours/days and money trying to figure how much income tax we owe (convenience).
Please take your writing and reasoning skills to maybe a celebrity gossip column.
#3 Posted by Colin, CJR on Tue 23 Jul 2013 at 01:53 PM
I'm a left leaning person and support something along the lines of what Laffer is talking about. www.fairtax.org has all the details but essentially it replaces Income Tax with Sales Tax and lower income brackets are compensated with disbursements from the government to keep the system progressive. Eliminate loop holes, remove disincentives for business, reduce offshoring of work and profits, etc.
#4 Posted by Adam, CJR on Tue 23 Jul 2013 at 02:28 PM
Funny how capital gains and corporate tax cuts never enter into the discussion on issues of tax and fairness.
How about that small tax on trades to limit the high frequency microtrading done by computers and showing little social benefit.
We've got fair economic plans:
http://www.prosperityforamerica.org/
http://cpc.grijalva.house.gov/the-peoples-budget/
But rich people benefit more (relatively) from an unfair world. And just so you know, one of the reasons why states are suffering such fiscal problems in this recession is that they've shifted away from income taxes and towards sales taxes.
And what that does it make states float or sink based on the amount of sales conducted.
And that results in states being short of resources just when the people need state resources most - in a recession.
#5 Posted by Thimbles, CJR on Tue 30 Jul 2013 at 03:17 PM