knabe
Well-known member
sanity from arthur laffer.
Because state sales taxes generally have fewer loopholes and lower rates — and therefore have a lesser impact on growth and employment — pro-growth policies should favor sales over income taxes where possible. True reform should include addressing the online sales tax loophole.
A move towards e-fairness would give states an opportunity to use additional online sales tax revenues to lower rates on more burdensome taxes, such as the personal income tax. This would create a more efficient tax system and correct a fundamental distortion of the retail marketplace, where traditional retailers must collect the sales tax and their online competitors don’t.
now, if we could just streamline federal income taxes, close personal and corporate loopholes, minimize the need for the size of the IRS and all the compliance infrastructure, all those people could be redeployed to something productive. the dodd-frank bill and all similar bills would only have to be a couple of pages and compliance would be trivial. more tax revenue could be used to help those who need it rather than being wasted on high paid employees who have so much time they need to investigate whether someone deserves tax exempt status, which no one does, even churches. if federal taxes were low enough and easy enough to pay, we would need less of them.
if we also let the states have the money, states could return to what they were designed for in the first place, incubators of ideas rather than a one size fits all federal government, basically rendering the idea of states useless.
for some reason, freedom is opposed. for the life of me, i don't understand why.
Because state sales taxes generally have fewer loopholes and lower rates — and therefore have a lesser impact on growth and employment — pro-growth policies should favor sales over income taxes where possible. True reform should include addressing the online sales tax loophole.
A move towards e-fairness would give states an opportunity to use additional online sales tax revenues to lower rates on more burdensome taxes, such as the personal income tax. This would create a more efficient tax system and correct a fundamental distortion of the retail marketplace, where traditional retailers must collect the sales tax and their online competitors don’t.
now, if we could just streamline federal income taxes, close personal and corporate loopholes, minimize the need for the size of the IRS and all the compliance infrastructure, all those people could be redeployed to something productive. the dodd-frank bill and all similar bills would only have to be a couple of pages and compliance would be trivial. more tax revenue could be used to help those who need it rather than being wasted on high paid employees who have so much time they need to investigate whether someone deserves tax exempt status, which no one does, even churches. if federal taxes were low enough and easy enough to pay, we would need less of them.
if we also let the states have the money, states could return to what they were designed for in the first place, incubators of ideas rather than a one size fits all federal government, basically rendering the idea of states useless.
for some reason, freedom is opposed. for the life of me, i don't understand why.
