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Originally Posted by IamAlejo
I've hated income tax forever. It just doesn't make sense to me. A disposable income still will deal with income but it seems a little better.
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not rly to do with income cause i described it poorly
necessities [food basic clothes non taxable or minimal taxing]....
but as far as luxuries go.. take cars for example... $0-15,000 (5%), $15,001-25,000 (7%), $25,001-50,000 (9%), $50,001-100,000 (12%).... so on
because if you can afford a 100,000 car you can afford the 12% $12,000
however someone who buys a 10,000 car may not be able to afford the 12% $1200, but only the 5% $500...
to me this is a very good system.. progressive VAT