Hernando Today
|
 
Hernando NewsHernando News

Why Not A Balance Between Sales, Income Taxes?

» 0 Comments | Post a Comment

Re: Mr. Chamberlain's letter concerning the merits of a sales, property tax balance.

Mr. Chamberlain suggests that a proper balance between a sales tax and a property tax is the best way to collect tax revenue. Why not a proper balance between a sales tax and an income tax?

He correctly argues that a sales tax has the merit of a broad base that includes the tourist population. With the exclusions of food, clothing and Medicare that he mentions, such a tax is less regressive and less unpalatable.

But the property tax has no such merit and has the odious feature of penalizing the provident. Ms. Patterson's ("Why I favor the income tax") plight illustrates this perfectly. She does not have the income to pay her property tax and is therefore in danger of losing her home.

Property is acquired in the first instance through savings and investment. People save and invest to provide for themselves and their families. Why frustrate this socially useful impulse?

I appreciate Mr. Chamberlain's defense of the sales tax. The flat-rate income tax with a generous exemption is an equitable means of collecting tax revenue without the socially destructive features of the property tax. I'll let him supplement it with a sales tax and hope he will give up on the property tax.

Tom Troyer

Brooksville

Member Agreement / Privacy Statement

Advertisement

Advertisement

Reader Comments

Sort newest to oldest

  1. Results Loading...

Post a Comment (Please Sign In | Register)

  • Keep it clean
  • Respect others
  • Don't hate
  • Don't use web URLs or the comment will not post
  • Don't use language you wouldn't use with your mom
  • Use "Report Inappropriate Content" link when necessary
  • See Member Agreement for details
Please sign in to respond | Sign In | Register

Deal of the Day

Advertisement

Advertisement

Weather Alerts:
Email
Cell Phone

Advertisement

Media General
DealTaker.com - Coupons and Deals
black Friday 2010 ads
KewlBoxBoxerJam: Games & Puzzles
Games, Puzzles & Trivia
Blockdot: Advergaming and Branded Media
Advergaming and Branded Media

MyYahoo!