Personal Income Tax
A18:
Why not replace it with a tax purely on businesses? It's the same people who pay; making it a personal income tax just shifts the burden onto the backs of employees.
David S:
Quote from: Philip on September 23, 2004, 05:26:18 PM
Why not replace it with a tax purely on businesses? It's the same people who pay; making it a personal income tax just shifts the burden onto the backs of employees.
That would put a $700 Billion burden on the back of American business which would make them even less competitive with companies in low cost countries. If you can find some way to apply a proportionate amount on imports it might be OK. It will increase the cost of products though so it would act like a sales tax in that respect.
cwelsch:
And consumers.
A18:
Quote from: David S on September 23, 2004, 07:05:48 PM
Quote from: Philip on September 23, 2004, 05:26:18 PM
Why not replace it with a tax purely on businesses? It's the same people who pay; making it a personal income tax just shifts the burden onto the backs of employees.
That would put a $700 Billion burden on the back of American business which would make them even less competitive with companies in low cost countries. If you can find some way to apply a proportionate amount on imports it might be OK. It will increase the cost of products though so it would act like a sales tax in that respect.
This is exactly what I mean. We would of course have to put tarrifs on outside products to equal out the prices, but it would still be semi- free trade.
Swing low, sweet chariot. Comin' for to carry me home.:
shun
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