- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections
Posted on 8/25/22 at 10:19 am
Posted on 8/25/22 at 10:19 am
quote:
Corporate income taxes only generated 3.3 percent of state and local tax revenue in fiscal year 2020. They are also among the more volatile sources of revenue for states.
quote:
Sales taxes are a significant source of both state and local government tax revenue.
Lots of posters here that think a national sales tax is a good idea
LINK
This post was edited on 8/25/22 at 10:21 am
5
Posted on 8/25/22 at 10:21 am to Mingo Was His NameO
Hey, Pete.
Posted on 8/25/22 at 10:33 am to Mingo Was His NameO
Hold on, let me get my glasses and pocket protector out of my desk drawer.
Posted on 8/25/22 at 10:35 am to OysterPoBoy
quote:
Hold on, let me get my glasses and pocket protector out of my desk drawer.
Board melts on day 1 about student loan forgiveness
Board mocks knowing where your tax money goes on day 2
Posted on 8/25/22 at 10:56 am to Mingo Was His NameO
I've had this discussion before on these boards.
Governments need money and honestly it doesn't matter to me which tax mechanism they used to get that money.
The thing people should be concerned about is 1) reducing government spending which leads to 2) reducing total tax revenue.
Drive spending down and allow governments to collect 5% extra for surplus and savings.
Even if you go to a national sales tax... you are still going to have 87,000 IRS auditors showing up at every mom and pop business making sure they are collecting and remiting the correct amount.
Governments need money and honestly it doesn't matter to me which tax mechanism they used to get that money.
The thing people should be concerned about is 1) reducing government spending which leads to 2) reducing total tax revenue.
Drive spending down and allow governments to collect 5% extra for surplus and savings.
Even if you go to a national sales tax... you are still going to have 87,000 IRS auditors showing up at every mom and pop business making sure they are collecting and remiting the correct amount.
Posted on 8/25/22 at 11:13 am to LSUFanHouston
quote:
Governments need money and honestly it doesn't matter to me which tax mechanism they used to get that money.
The thing people should be concerned about is 1) reducing government spending which leads to 2) reducing total tax revenue.
Drive spending down and allow governments to collect 5% extra for surplus and savings.
Even if you go to a national sales tax... you are still going to have 87,000 IRS auditors showing up at every mom and pop business making sure they are collecting and remiting the correct amount.
Agree
But,
quote:
1) reducing government spending
and
quote:
87,000 IRS auditors
Show it will never happen
Posted on 8/25/22 at 11:19 am to Mingo Was His NameO
SALT is for losers, get a real job Mingo
Posted on 8/25/22 at 11:26 am to ThurlNoonkester
quote:
Show it will never happen
87,000 new IRS auditors happen because of the current makeup of our elected "leadership".
Gotta change that.
Posted on 8/25/22 at 11:31 am to MusclesofBrussels
quote:
SALT is for losers, get a real job Mingo
Agreed, bonus depreciation and capitalizing leases is where it's at baw
Posted on 8/25/22 at 11:51 am to LSUFanHouston
quote:
Governments need money and honestly it doesn't matter to me which tax mechanism they used to get that money.
The thing people should be concerned about is 1) reducing government spending which leads to 2) reducing total tax revenue.
Yes but that doing income tax is obnoxious and time laborious. Extremely so. Two, I understand property and sales tax. But frick off with dipping your hand into my pocket directly. Tax my activity of purchases, not income.
quote:
you are still going to have 87,000 IRS auditors showing up at every mom and pop business making sure they are collecting and remiting the correct amount
Better a business than an individual. Government going to government. Might as well limit it.
Posted on 8/25/22 at 12:09 pm to Mingo Was His NameO
quote:
State and Local Tax Toolkit
quote:
national sales tax
Brilliant as always.
Posted on 8/25/22 at 12:11 pm to junkfunky
quote:
Brilliant as always.
As brilliant as you not understanding comparisons and hypotheticals
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News