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Old 12-05-2012, 05:23 PM  
Elli
Reach for those stars!
 
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Join Date: Apr 2003
Location: Vancouver, BC
Posts: 17,991
Quote:
Originally Posted by brentbacardi View Post
This actually doesn't increase taxes.

All money spent on extra book keeping and tax accountants would be turned into real dollars in everyones pockets, some of which would go towards taxes, some of which would stay in our pockets. Everyone would be better off except tax accountants and other people working in the complex tax industry IRS workers etc. these types of fields would decrease very rapidly to a very minimal level.

Example, if you e-file, or hire someone etc you are paying money. Now you wouldn't need to do this, and would not pay that money. So now you have extra money. So if you were told that the extra money you have, half is yours and half goes towards tax, you are better off and govt still gets more money. Win/Win
No, I didn't mean that businesses leaving town somehow increased taxes. I mean that if they don't stay, that decreases the local economy. Fewer jobs available == lower wages == reduced standards of living also == lower property tax revenue and income tax revenues.
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