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▲ edoceo 4 hours ago

Sales Taxes are the worst ones. Burden on seller, burden on buyer, regressive. Income is more fair but easy to mask-out for the wealthy. Property is meh, Wealth tax is the best one. Assuming all were well designed.

▲daedrdev 3 hours ago | parent | next [-]

Property is literally a wealth tax on an asset that can’t move away

▲fhn 4 hours ago | parent | prev [-]

why is it a burden when they are already collecting sales tax? They just change one number but nothing else changes.

▲edoceo 4 hours ago | parent | next [-]

Some items taxable, some are not. Keep track. Some have different rates depending on who's buying, keep track. Buyers in different locations pay different rates, keep track. The rules change frequently, keep track. Collect money for the govt, keep track. Remit quarterly or face penalty.

There complexity and overhead on sales taxes; more than on an income, retained earnings or wealth taxes.

Also, sales taxes take more percent of wealth away from the lower wealth bracket than from the upper wealth bracket.

▲charlieyu1 an hour ago | parent | prev [-]

If you kill demand, you kill economy.

And I’m very surprised nobody mentioned cooperative tax in this post. Taxing cooperative profits is the simplest and fairest solution.