It is equally possible to use sales tax incentives to lure business as it is property taxes and removing property tax is a pretty large incentive in of itself. The current system is anything but "fair" or "a set percentage" and pales in comparison to a flat rate which everyone can plan for and anticipate equally based on use. Unless you can tell me how to collect that extra "income" I'm taxed on when the value of my home rises? In addition, it is a tax that applies to all constituents not just a demographic minority and therefore much more costly to raise politically. I suppose I will acknowledge that the "poor" will pay marginally more than they otherwise would under a "progressive" tax if we acknowledge that the overwhelming majority of the tax burden does not fall on the oh-so-downtrodden and destitute "poor". According to the Internal Revenue Service for 2007:RPB wrote:The current property tax system, and temporary abatements, are tools which attracts businesses and create jobs.
She may state she wants to eliminate progressive taxes, but increasing regressive taxes isn't the way to accomplish her stated goals. If she doesn't like the current system where everyone is taxed fairly upon a set percentage of their assets, she should come up with her own plan which is fair, instead of relying on one funded by the persons standing to benefit, the big businesses. I have nothing against her or her stated goals, I don't care for her methods devised by those getting benefits to our detriment. If she comes up with her own plan. I'd listen.
Top 1% of income earners defined as persons making over $410,096/year paid 40.42% of Federal Personal Income Tax.
Top 5% of income earners defined as persons making over $160,041/year paid 60.63% of Federal Personal Income Tax.
Top 10% of income earners defined as persons making over $113,018/year paid 71.22% of Federal Personal Income Tax.
Bottom 50% of income earners defined as persons making less than $32,879/year paid 2.89% of Federal Personal Income Tax.
(important to note here that "persons" is defined as a entity filing a tax return, that could be an individual, family, or business)
This model simply can not sustain itself. A broad base usage tax leaves the capitol in the hands of those that produce it, and should they CHOOSE to spend they are paying a mathematically (truly) equal share. Additionally, we may leave existing exemptions for sales tax in place for essential goods and services such as food, water, medicine, etc to marginalize any tax increase on the "poor".