Re:The Housing Market in San Francisco and Ideas to Fix It
by shkkmo on Friday April 08, 2016 @03:22AM
(#11453109)
Sales tax is regressive and thus should not be the main source of tax revenue, we cannot push this burden onto the shoulders of people who already have the least.
Re:The Housing Market in San Francisco and Ideas to Fix It
by coroutines on Saturday April 09, 2016 @12:43AM
(#11459957)
I think we currently suffer from a tax system that enables double-taxation by default - unless you're fairly good filing your taxes and know where to claim deductions. My parents raised me to be knowledgeable of what's a work expense, and things have gotten easier with Turbo Tax - but it still surprises me how many of my friends and relatives file a 1040EZ.
Personally I think it's strange that we start at 10% income tax on people making so little.
Re:The Housing Market in San Francisco and Ideas to Fix It
by paulddraper on Saturday April 09, 2016 @12:18PM
(#11461895)
You're technically correct, though I've found regressive always makes it sound like poor people pay more, when in reality poor people pay less.
Anyway, most high sales tax proposals come with a post capita rebate.
But that's not the reality we live in.
Property taxes fluctuate too much in California - you might be paying everything you can toward your mortgage to decrease the interest you owe, but still effectively pay the same with rising property taxes. A fixed property tax is really, really necessary.
It's just abused too heavily by corporations...