Re:US Senator Warren Introduces Bill to Simplify Tax Filing
by sokoloff on Wednesday April 13, 2016 @07:59PM
(#11493346)
> I would find a system with a simple, preferably automated, process to be more fair.
> The best approach that I've seen so far mentioned is to tax assets.
How do you propose to automate the taxing of assets? I have a piece of artwork. How much is that worth? I have a fairly complete set of mechanic's tools. I have computing equipment. I have... I'm in favor of taxing consumption (as proxied by a VAT), but taxing assets seems like a senseless boondoggle, especially if that now means there's a database of what people own sitting out there.
> The best approach that I've seen so far mentioned is to tax assets.
How do you propose to automate the taxing of assets? I have a piece of artwork. How much is that worth? I have a fairly complete set of mechanic's tools. I have computing equipment. I have... I'm in favor of taxing consumption (as proxied by a VAT), but taxing assets seems like a senseless boondoggle, especially if that now means there's a database of what people own sitting out there.