Re:No tax on tips: Why politicians love it, and economists d...
by mattgrice on Friday August 16, 2024 @03:24AM
(#41263982)
That seems a very elegant solution to the problem of fair income taxes. Just don't tax income, that way you can't have a disparity in income tax.
What should we tax instead? Capital seems to me a viable choice. It would be a lot more work for everyone, though.
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Re:No tax on tips: Why politicians love it, and economists d...
by pdonis on Friday August 16, 2024 @10:25AM
(#41266735)
> What should we tax instead?
My proposal (in the GP of the post you responded to) was to tax consumption, i.e., a national sales tax or something like it.
> Capital seems to me a viable choice.
What would count as "capital"?
Whatever the answer is, this would seem to me to have the same issue as income taxes have: you would be taxing production instead of consumption, hence lowering the incentive to produce.