Wild Fires In LA

[Charles West]

Google says..... "don't trust supply siders"

Most income tax schemes are progressive because they usually rely on graduated rates which increase the percentage of income paid as income rises. In contrast property and sales taxes tend to be regressive in nature by virtue of the fact that they make everybody pay the same flat rate.

is a national sales tax considered a progressive tax - Google Search

The exception is the current code taxes tax-sheltered income; in other words, you collect less tax—supply-side logic. The volume of activity and the velocity of money may surpass what is collected now with restructuring.

 

[Mike Ault]

The exception is the current code taxes tax-sheltered income; in other words, you collect less tax—supply-side logic. The volume of activity and the velocity of money may surpass what is collected now with restructuring.

The Gipper lives...

 

[Charles West]

The Gipper lives...

Yes, he does. And tariffs will provide revenues too, just like every other nation generates.

 

[Mike Ault]

Yes, he does. And tariffs will provide revenues too, just like every other nation generates.

Okay. However, there needs to be a "tarrif rebate" on consumer goods for the needy until we can onshore our supply chains.

 

[Charles West]

Okay. However, there needs to be a "tarrif rebate" on consumer goods for the needy until we can onshore our supply chains.

They won't need it because they will have more cash. Due to worker demand, Trumpitus's lower taxation rates will spur activity and raise wage rates. The old volume replaces high rates. It's an MBA thing.

 

[Mike Ault]

They won't need it because they will have more cash. Due to worker demand, Trumpitus's lower taxation rates will spur activity and raise wage rates. The old volume replaces high rates. It's an MBA thing.

Sounds more like "America First" snake oil to me. I haven't broke ground on my pitchfork factory yet, however, I am interviewing potential hires.

 

[shrubberyvaluation]

Darn, now you made me feel bad.

I'll try to refrain from pointing out the abject failure of the CA politicians during the next fire, and the fire after that, and the fire after that.....

Its fine, as long as you blame Donald Trump for it.

 

[Charles West]

Sounds more like "America First" snake oil to me. I haven't broke ground on my pitchfork factory yet, however, I am interviewing potential hires.

Wait till the Budget Office scores Trumpitus tax package. You will dance naked with the Gila monsters in your flower beds. The only problem is they score statically instead of dynamically, which is how the economy behaves. Expect a 10 to 20% improvement over predictions, precisely what happened the first time with the Tax Cut and Jobs Act. It's the Laffer Curve in action, perfect marginal taxation.

 

[George Hatch]

Certain essentials can be exempted from sales tax. Then poor people will be able to live in a manner that doesn't incur any sales tax if none of what they need to get by is subject to the tax.

Groceries are exempt. Tobacco and weed get taxed. Clothing to a certain price point is exempt but luxury goods get taxed.

 

[Mike Ault]

Certain essentials can be exempted from sales tax. Then poor people will be able to live in a manner that doesn't incur any sales tax if none of what they need to get by is subject to the tax.

Groceries are exempt. Tobacco and weed get taxed. Clothing to a certain price point is exempt but luxury goods get taxed.

You get to grow your own weed. Surely you can't be that enamored with "government control", can you?