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by genocidicbunny 1062 days ago
Wouldn't it be more like a VAT where you pay based on your means, not what the product costs?

That and I don't really have a problem with making the rich the country's piggybank.
1 comments
smitty1e 1062 days ago
You'll not have a problem until the rich eject, take their wealth with them, and crash the tax base.

See: NY, CA, &c.

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genocidicbunny 1062 days ago
Make it federal, and have a steep 'exit penalty' for renouncing citizenship if you're over a certain wealth threshold. Make it so that if you try to renounce your citizenship to avoid the taxes, you're left to start from zero again, and if you don't renounce your citizenship, you owe the taxes no matter where in the world you are (and in most of the world, Uncle Sam can absolutely get to you if he wants.)
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smitty1e 1061 days ago
As a personal example, I left the military reserve because, inter alia, the joy of serving my country mattered less than the tax beating I was taking for being bumped into a higher bracket.

That is: (dis)incentives matter.

Maybe we can agree that our tax system is a Byzantine train wreck in need of reform.

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