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[drorbedrack@mastodon.social]

@MostlyHarmless This is why we have tax breaks and brackets

[moises_pinto_muyal@mastodon.social]

@MostlyHarmless

That sounds logic!

[trillicit@social.vivaldi.net]

@MostlyHarmless

[jmcs@social.jsantos.eu]

@MostlyHarmless sales taxes and VAT are tied to revenue (even though in the case of VAT it's paid by the customer on paper the end effect is the same)

[thierry_van_kerm@mastodon.social]

@MostlyHarmless It makes sense. To me, corporate taxes should be considered as the contribution of the services businesses take advantage of, just as any other services they pay for.

[ahltorp@mastodon.nu]

@jmcs @MostlyHarmless VAT is, as can be inferred from its name, based on value add, not revenue. Incoming minus outgoing.

[jmcs@social.jsantos.eu]

@ahltorp @MostlyHarmless in most countries you can also deduct expenses you have with your work from the income tax.

[passwordsarehard4@mastodon.social]

@babaq @Landa @elCelio @MostlyHarmless they won’t pay any tax. If you tax purchases they just won’t buy anything. For real, they’ll just lease everything through an LLC that loses money each year and gets folded and replaced with another so it never has an operating profit.

[passwordsarehard4@mastodon.social]

@janneke @babaq @MostlyHarmless if you became disabled youd lose your house in a matter of years. It’s where most people’s wealth is stored, it’s your most valuable asset. Retires would be hit hard as well. If you carve an exemption for homes youd get mega mansions by the rich to avoid taxes again. They’d buy up entire counties with sprawling complex’s. It’s going to take effort.

[passwordsarehard4@mastodon.social]

@nocto @MostlyHarmless US federal taxes have a standardized deduction which I think works similar. They’d assume you would spend at least $X to stay alive so you can take that without any proof, no receipts or records needed. It brings down your taxable income by whatever amount and you pay tax on what’s left above that amount. It’s a scaling system it’s just a broken one.

[janneke@todon.nl]

@passwordsarehard4 @babaq @MostlyHarmless

For most people, their debt is at least as big as their house is worth and there would be hardly anything to tax?

Any civilized country takes care of their disabled. Just don't get disabled in a fascist country, would be my advice.

[plantbasedche@mastodon.social]

@MostlyHarmless based af. Almost perfect as rent simply should not exist.