Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> compared that to personal income taxation, which comes out of gross revenue before the costs of being-a-person have been met.

I agree.

Sounds like a use tax would be more beneficial?

The taxable income computations and standard deductions seem to be a complicated way to what a use tax could solve efficiently.

The possible downside is that a use tax could bring in a recession (people stop spending to stop paying tax)

I have no formal economics training and would love to hear from the more educated.



A use tax is basically sales tax, and the problem with them is they are regressive by nature (people with less income spend proportionally more of it on taxable goods).

This is basically Gary Johnson's "Fair Tax" proposal, and it ultimately hurts the poor and allows the millionaires to pay less.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: