Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (13912)	9/24/2003 5:15:54 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>say steve forbes spends only 1% of his income on "stuff" and invests the rest. his tax rate would be 0.2% Well, he only enjoys 1% of what he earns. the poor family can decide on spending nothing so that their tax rate is zero. Having money is kind of useless if you never spend it.

To: Skeeter Bug who wrote (13912)	9/24/2003 5:43:50 PM
From: PerryA	Read Replies (1) \| Respond to of 306849

Someone else brought up the consumption tax. I said why not tax property? Regards, PerryA

To: Skeeter Bug who wrote (13912)	9/24/2003 8:07:02 PM
From: Tommaso	Read Replies (1) \| Respond to of 306849

But it DOES give you some control over your taxes. You can choose to save and do without, and invest what you have left, whereas with income taxes the government takes more the harder you work. You can buy a six-year-old Toyota Corolla and get economical transportation and pay almost no taxes---or you can buy a brand new Lexus SUV and pay $10,000 in taxes (with value-added consumption tax). But there are inequities under any system. In the United States you can buy a quite usable washing machine and drier to do all a family's clothes for about $500. In Europe, the VAT makes that cost twice as much. I can adjust to either system.