Boater wrote:
BAR wrote:
Tom Francis - SWSports wrote:
Boy - I'm thinking about moving to New York - what a great state.

Proposed "revenue" streams:

An "iPod tax" that charges state and local sales tax for "digitally
delivered entertainment services".
State sales tax at movie theaters, sporting events, taxis, buses,
limousines and cable and satellite TV and radio.

Costlier driving with the repeal of the 8-cents-per-gallon sales tax
cap on motor and diesel motor fuel, plus and increase in the auto
rental tax.

Tuition increases at SUNY and CUNY, $620 and $600 a year respectively.

A 50 cent tax on cigars. The current tax is equal to 37% of the
wholesale price, or 34 cents a cigar.

No more sales tax break on clothes and shoes worth $110 or less,
except during two weeks a year.

Higher taxes on wine, beer and flavored malt beverages. He would also
impose an 18% tax on non-nutritional drinks like soda.

The rich would pay more for luxury items through an additional 5% tax
imposed on cars costing more than $60,000, aircraft costing more than
$500,000, yachts costing at least $200,000 and jewelry and furs
costing in excess of $20,000.

In addition, a host of a fees, including those related to motor
vehicle licensing and registration, parks and auto insurance, would go
up, as would various state-imposed fines.


New Jersey is looking better and better.


I can't think of a single reason not to soak the rich, especially if it
can be done to the point that tuition increases would not be necessary
at the public universities.


You want to encourage the rich to consume and to invest and reinvest.
Consumption puts money into companies and industries where the products
and services are desired. Investing puts money into ideas and products
that people are most likely to purchase and use in the future.

Taxes are punitive. If you raise taxes you are punishing consumption.
You are punishing the people, especially the little guy. Do I really
need to make that purchase if the government is going to require that I
pay an extra 15% in taxes? More often than not I will say no. Who loses
in this situation? Everyone loses. The guy who made the product, the
retailer who sells the product and the government who taxes the product.
Nobody received any money because the sale didn't happen.

Do you really think the rich guy cares if he has to dives his MB S500
for another couple of years? Hell no, he's driving a MB S500. But, the
guy driving a hoopty and desperately needs a newer car but the doubled
taxes on registering the vehicle and doubling of the gasoline taxes are
going to end up throwing him in the poor house.

During times like we are experiencing now you want to encourage
consumption. You don't want to encourage lending money to those who
might possibly may never and quite likely wont ever pay it back. But,
you want to reduce taxes and make everything cheaper to the consumer.

So tell Madam Pelosi to keep her Stimulus package and put forth a 50$
reduction in all taxes at the federal level and to eliminate corporate
taxes.

With the elimination of corporate taxes the companies can use that money
to invest in capital equipment and hire more employees. If you double
the corporate taxes the companies are going to have to find the money to
pay it and still stay profitable. The easiest are to control costs these
days is labor and you know what that means. Yes, layoffs.

Go ahead and soak the rich. It will just push us closer to the edge of
the cliff.