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An example of an enumerated fee on a real estate tax bill might be: "#15 garbage removal: All enrolled property owners need to include $375 for their share of waste services." A very good rule of taxation is that if you tax something you make it more rare. Taxes on cigarettes for example are enacted specifically to make smoking rare. When the gov taxes labor at about 32% and taxes investments at about 15% it is encouraging investment but also discouraging working. For those who have enough money there is no doubt why they choose to work less and to invest more which is exactly why buffet pays less as a percentage than his very well off secretary. But backing up and looking from outside we can see that the tax on labor discourages labor, the tax on investment discourages investment, the tax on liquor discourages buying booze, same for cigarettes, candy, corn, gasoline, and in short all products or services that are taxed. Taxes are in fact a huge drag on the entire economy and with no taxes at all the economy would operate at its most efficient. We do need to fund gov and there will have to be some drag on the economy but we must aim to make the drag as small as possible so that prosperity can be shared by all.
An example of an enumerated fee on a real estate tax bill might be: "#15 garbage removal: All enrolled property owners need to include $375 for their share of waste services."
A very good rule of taxation is that if you tax something you make it more rare. Taxes on cigarettes for example are enacted specifically to make smoking rare. When the gov taxes labor at about 32% and taxes investments at about 15% it is encouraging investment but also discouraging working. For those who have enough money there is no doubt why they choose to work less and to invest more which is exactly why buffet pays less as a percentage than his very well off secretary.
But backing up and looking from outside we can see that the tax on labor discourages labor, the tax on investment discourages investment, the tax on liquor discourages buying booze, same for cigarettes, candy, corn, gasoline, and in short all products or services that are taxed. Taxes are in fact a huge drag on the entire economy and with no taxes at all the economy would operate at its most efficient. We do need to fund gov and there will have to be some drag on the economy but we must aim to make the drag as small as possible so that prosperity can be shared by all.