Pages: 1 ... 7 8 9 [10] 
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Topic: What is "developed" land? (Read 9341 times)
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Bogdan
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Bogdan, if the cost of compliance is lower with tax A than with tax B, they may both collect the same tax revenue but tax B will cost the taxpayers more time and money to pay. Lowering the cost of compliance is important.
Replacing one tax with another that collects less revenue is the same as reducing the rate of the first tax--it doesn't matter how you let the air out of the balloon... if thats what you do, you will have a smaller balloon. The "cost" is the cost of services you provide the public. It's not the "cost" of taxes. People don't create taxes "just for the hell of it" and then try to figure out what to do with the money. They start providing services and then try to figure out ways to pay for them. If you just lowered taxes without reducing services, you'd create a budget deficit. That's the problem we are in now. People vote for democrats to provide services, then they vote for Republicans to lower taxes... then we have a budget deficit and and borrow money from China, then repeat the process. |
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dude6935
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Bogdan, if the cost of compliance is lower with tax A than with tax B, they may both collect the same tax revenue but tax B will cost the taxpayers more time and money to pay. Lowering the cost of compliance is important.
Replacing one tax with another that collects less revenue is the same as reducing the rate of the first tax--it doesn't matter how you let the air out of the balloon... if thats what you do, you will have a smaller balloon. You aren't listening to me. Both tax A and B would collect the same revenue, but the cost of compliance would be higher for one in than the other. Example: If a tax requires you to hire an accountant, that is expensive. If you can collect the tax without necessitating an accountant, that would be cheaper for the taxpayers while collecting the same tax revenue. |
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B.D. Ross
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Wikipedia is a very bad source of information on land value taxes. |
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freestatelaw.com - Get plugged in with what you need to know about New Hampshire law and legislative efforts.
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Bogdan
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Example: If a tax requires you to hire an accountant, that is expensive. If you can collect the tax without necessitating an accountant, that would be cheaper for the taxpayers while collecting the same tax revenue.
What tax requires you to hire an accountant? Income tax? It doesn't "require" an accountant. Thousands of people file their taxes for free every year. |
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John Edward Mercier
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Bogdan, if the cost of compliance is lower with tax A than with tax B, they may both collect the same tax revenue but tax B will cost the taxpayers more time and money to pay. Lowering the cost of compliance is important.
Replacing one tax with another that collects less revenue is the same as reducing the rate of the first tax--it doesn't matter how you let the air out of the balloon... if thats what you do, you will have a smaller balloon. You aren't listening to me. Both tax A and B would collect the same revenue, but the cost of compliance would be higher for one in than the other. Example: If a tax requires you to hire an accountant, that is expensive. If you can collect the tax without necessitating an accountant, that would be cheaper for the taxpayers while collecting the same tax revenue. Correct. The payroll tax is much more efficient than the income tax... but that is more about the code. |
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John Edward Mercier
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Wikipedia is a very bad source of information on land value taxes. Not to mention its talking about a general tax, not specified to a specific function. It would be like changing NH's Statewide Property Tax for education to an LVT (already have tax bills). |
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B.D. Ross
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Wikipedia is a very bad source of information on land value taxes. Not to mention its talking about a general tax, not specified to a specific function. It would be like changing NH's Statewide Property Tax for education to an LVT (already have tax bills). I meant there are some LVT nazis who watch that entry like hawks. I once tried to make a very very slight edit to the page (to fix an obvious misstatement about neoclassical economics) and got completely reamed. (Checking now, looks like that entire section has been removed). If you check the discussion tab, you'll see a summary of the entry's problem with presenting a one-sided (and fairly misleading) discussion of LVT. |
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« Last Edit: September 03, 2010, 04:48:08 pm by B.D. Ross »
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freestatelaw.com - Get plugged in with what you need to know about New Hampshire law and legislative efforts.
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dude6935
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Example: If a tax requires you to hire an accountant, that is expensive. If you can collect the tax without necessitating an accountant, that would be cheaper for the taxpayers while collecting the same tax revenue.
What tax requires you to hire an accountant? Income tax? It doesn't "require" an accountant. Thousands of people file their taxes for free every year. Even if they fill out their taxes themselves, that carries an extra cost. The income tax code is so complicated, it requires an expert to understand for many cases. A shift away from the income tax or a simplification of the income tax code could improve the efficiency of the system. The wiki on LVT may be biased. I was just trying to explain the case for LVT efficiency. |
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John Edward Mercier
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The 'efficiency' of property tax is well known. But its not a perfect tax... as no such thing exists.
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Bogdan
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Example: If a tax requires you to hire an accountant, that is expensive. If you can collect the tax without necessitating an accountant, that would be cheaper for the taxpayers while collecting the same tax revenue.
What tax requires you to hire an accountant? Income tax? It doesn't "require" an accountant. Thousands of people file their taxes for free every year. Even if they fill out their taxes themselves, that carries an extra cost. The income tax code is so complicated, it requires an expert to understand for many cases. A shift away from the income tax or a simplification of the income tax code could improve the efficiency of the system. There are always going to be people who cheat to try to minimize/avoid taxes completely. Most people will do the minimum required to pay... but some will do complicated math to figure out how they can avoid paying taxes, or how they can pay a lot less. It's just unavoidable. You create a sales tax, people start buying things online or driving across state lines. You create a property tax, and people start intentionally trying to devalue their property. You create an income tax and people will start tax-shelter companies and have offshore bank accounts. If you have taxes, someone if going to be clever enough to cheat on them. Sure, I agree that income taxes could be a lot simpler, but if you simply want to pay your taxes today, it's easy. The people who want to maximize their deductions and get a refund/owe the least are the ones who hire accountants to do their taxes. |
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Pat McCotter
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If you have taxes, someone if going to be clever enough to cheat on them.
And the government is going to create loopholes exemptions for favored groups of people. |
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Visualize Whirled Peas
Give Pizza Chance
I think it's wrong that only one company makes the game Monopoly. - Steven Wright
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Pages: 1 ... 7 8 9 [10] 
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