Comments on: Problems with Tax Reform http://alephblog.com/2008/04/12/problems-with-tax-reform/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: http://goinoffsafaris.com.au/streaky-bay-sports-fishing/http://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-23749 http://goinoffsafaris.com.au/streaky-bay-sports-fishing/ Sun, 22 Nov 2009 15:50:52 +0000 http://alephblog.com/?p=645#comment-23749 <strong>American consumers typically don’t understand that federal tax costs are added into the price of domestically produced goods and services because these costs are hidden from plain view by “embedding” the costs into retail prices. But as any American ...</strong> To some, this just represents business “paying its fair share” and political figures often direct voter scorn toward the business sector claiming that businesses are not carrying enough of the tax burden. But only people pay taxes, not businesses, and ... American consumers typically don’t understand that federal tax costs are added into the price of domestically produced goods and services because these costs are hidden from plain view by “embedding” the costs into retail prices. But as any American …

To some, this just represents business “paying its fair share” and political figures often direct voter scorn toward the business sector claiming that businesses are not carrying enough of the tax burden. But only people pay taxes, not businesses, and …

]]> By: mike mhttp://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-20181 mike m Wed, 26 Nov 2008 13:33:14 +0000 http://alephblog.com/?p=645#comment-20181 If I read this correctly you are stating that all assets would be taxed. I think this would be difficult to enforce. A silly example of this would be the number of books I have in the bookshelf behind me. They have value (not much) and add to my wealth. They are therefore an asset and must be taxed. Libertarian issues aside, people just aren't going to catalog everything they own so the tax man can take his cut. What you present is a good start though. If I read this correctly you are stating that all assets would be taxed. I think this would be difficult to enforce. A silly example of this would be the number of books I have in the bookshelf behind me. They have value (not much) and add to my wealth. They are therefore an asset and must be taxed. Libertarian issues aside, people just aren’t going to catalog everything they own so the tax man can take his cut. What you present is a good start though.

]]> By: David Merkelhttp://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-19933 David Merkel Tue, 11 Nov 2008 15:45:09 +0000 http://alephblog.com/?p=645#comment-19933 Doug, one would use an index of art prices, which would be fair in aggregate, though unfair in specific. Under a tax regime like this, there would be more trading of art, because of a need to make tax payments on illiquid assets. That's my best first stab at an answer. I'm open to other ideas. Doug, one would use an index of art prices, which would be fair in aggregate, though unfair in specific. Under a tax regime like this, there would be more trading of art, because of a need to make tax payments on illiquid assets.

That’s my best first stab at an answer. I’m open to other ideas.

]]> By: Doug Ransomhttp://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-19932 Doug Ransom Tue, 11 Nov 2008 13:10:41 +0000 http://alephblog.com/?p=645#comment-19932 How do you mark private assets to market? Like a painting? How do you mark private assets to market? Like a painting?

]]> By: flow5http://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-17453 flow5 Wed, 16 Apr 2008 20:26:45 +0000 http://alephblog.com/?p=645#comment-17453 Taxes are outside of my realm. The proposals make sense as I understand them. I don't know which needs worked on first, taxes or the federal deficit. The Pentagon spent $549b in 2007. Taxes are outside of my realm. The proposals make sense as I understand them. I don’t know which needs worked on first, taxes or the federal deficit. The Pentagon spent $549b in 2007.

]]> By: David Merkelhttp://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-17444 David Merkel Mon, 14 Apr 2008 20:26:58 +0000 http://alephblog.com/?p=645#comment-17444 I'm sorry, but the FAIR tax is not fair in my book. People should be taxed on their increase in wealth, not what they spend. The government should not favor saving over spending. Both are needed. Let the free market work. I’m sorry, but the FAIR tax is not fair in my book. People should be taxed on their increase in wealth, not what they spend. The government should not favor saving over spending. Both are needed. Let the free market work.

]]> By: davidhttp://alephblog.com/2008/04/12/problems-with-tax-reform/comment-page-1/#comment-17439 david Sun, 13 Apr 2008 11:48:49 +0000 http://alephblog.com/?p=645#comment-17439 the answer to the tax code is the FAIR TAX!!! It answers all problems. the answer to the tax code is the FAIR TAX!!! It answers all problems.

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