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Started By
Message
re: New state law requires all ticketed events to be taxed- including athletics
Posted on 4/28/16 at 11:04 am to secfballfan
Posted on 4/28/16 at 11:04 am to secfballfan
quote:
Take money from the people so he can redistribute, just like a Democrat, thinks he can spend my money better than I can...
This is a stupid post for two reasons.
First, sales taxes affect the poor more significantly than the rich. So, your "redistribution of wealth" theory doesn't make sense.
Second, the state is in pretty dire financial straits. Either they could cut tax breaks to businesses, or they could raise taxes. Trust me when I say that oil companies have more pull in the legislature than higher ed institutions.
Posted on 4/28/16 at 11:41 am to Guava Jelly
quote:
Either they could cut tax breaks to businesses, or they could raise taxes.
He did both
Posted on 4/28/16 at 11:57 am to Guava Jelly
quote:
First, sales taxes affect the poor more significantly than the rich.
I would say this is debatable, but not as it pertains to this discussion.
quote:
So, your "redistribution of wealth" theory doesn't make sense.
This is pretty much accurate though. Anything that is a straight increase in rate across the board is just an increase to COL. Sure, some groups will be affected more than others, but the goal here is revenue generation. This is a change, but let's not compare it to the Federal Tax system, which has many hidden rules beyond tax rates that favor certain individuals.
People need to pick their battles. Any tax increase cannot blindly be deemed "wealth redistribution". In fact, I would argue that the elimination of tax exemptions, by any level of taxing authority, typically puts citizens on a more level playing field.
I say this all of the time; taxes are all about how you spend, not how much you make. Tax rates are simply the tip of the iceberg.
quote:
Second, the state is in pretty dire financial straits. Either they could cut tax breaks to businesses, or they could raise taxes.
And this is an ugly truth. Sometimes you are put in a situation that you have to forget about how you got there, but when you are in a bad situation, take unpopular steps to get out.
This addition to the tax code is a mess; I think that it was rushed and administration does not seem to have been considered. For something to be implemented and phased out on the state level within 2 years, just doesn't make sense to me. However, the state needs money, and this seems like a logical whole to increase the tax base.
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