tag:blogger.com,1999:blog-3395111825224617694.post8019617212090351640..comments2023-12-18T16:32:44.437-08:00Comments on Caveat Emptor: The Coming Really Big Tax IncreaseH.A. Blackhttp://www.blogger.com/profile/09028988783310116580noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3395111825224617694.post-50785527331235754902009-04-16T10:52:00.000-07:002009-04-16T10:52:00.000-07:00Circumvention - definitely. The simple case study ...Circumvention - definitely. The simple case study would be to count all the moving vans from NY to CT.Common Richardhttps://www.blogger.com/profile/07968619746939234179noreply@blogger.comtag:blogger.com,1999:blog-3395111825224617694.post-963138585326599522009-04-16T10:44:00.000-07:002009-04-16T10:44:00.000-07:00whats your thought about lowering/resetting the fe...whats your thought about lowering/resetting the federal minimum wage alongside tax cuts?Common Richardhttps://www.blogger.com/profile/07968619746939234179noreply@blogger.comtag:blogger.com,1999:blog-3395111825224617694.post-84689283745536272682009-01-31T05:55:00.000-08:002009-01-31T05:55:00.000-08:00Taxes is always a big issue in politics. At the c...Taxes is always a big issue in politics. At the core is a simple question: is the government better at spending the fruits of production or the citizenry? It can be argued that both are equally bad.<BR/><BR/>Often, the countries without taxes (UAE) come up as a "model." What is left out of the conversation is the UAE has oil wealth to pay for police, hospitals, fire departments, etc. In the absence of a highly demanded finite supply commodity to export daily we will need SOME taxes. The question is how much?<BR/><BR/>Someone suggested to me that bailing out GM and Chrysler will be ineffective because their taxes are too high. Looking at the last 4 or 5 years of data as a quick check, Toyota (and Honda) actually paid more taxes when measured as a percentage of sales. Another observation is the taxes paid by Toyota and Honda are on the order of 3.5% and steady year after year.<BR/><BR/>So why not have a simple corporate flat-tax of 3.5% (with no deductions of any kind) and save the IRS and our corporations all the headache? I suspect the answer is, in so doing people do not get to complain about a high _marginal_ tax rate.<BR/><BR/>My point is, any study regarding profitability and taxes with _marginal_ tax rates on the righthand side is misleading at best in the presence of deductions and loopholes. Also, raising the marginal tax rate, as you pointed out, will only lead to more circumvention tactics.<BR/><BR/>Flat-tax and people will quit complaining about high taxes even though they actual check mailed to the government will be higher! :)David J. Moore, Ph.D.https://www.blogger.com/profile/06913567071384562669noreply@blogger.comtag:blogger.com,1999:blog-3395111825224617694.post-62283320200435857862009-01-20T19:32:00.000-08:002009-01-20T19:32:00.000-08:00Perhaps the government can follow President Obama'...Perhaps the government can follow President Obama's example and "tamp" down the spending? Isn't bait and switch in vogue?Anonymousnoreply@blogger.com