Submitted by Bozzooo t3_120yder in Washington
Unique_Engineering_3 t1_jdu08c1 wrote
Reply to comment by JackAlexanderTR in Washington Supreme Court upholds new capital gains tax by Bozzooo
> I voted for Democrats past few elections and I will 100% not vote for them again at local/state level. What people don't understand is that this will trigger an exodus of wealthy people and large corporations and the state will lost a lot more money than what it will make from this. Look at Portland Oregon chasing away all those "big and evil" corporations and then rich people, and now just regular middle class people because of all the taxes on top of taxes.
Who cares? đ¤ˇââď¸
Theyâre not paying taxes so itâs no fiscal loss.
Enjoy living on Wyoming or wherever. đ
JackAlexanderTR t1_jdu0hpw wrote
Portland said who cares too, they hate the rich too. Except the rich quickly became upper middle class, than middle class homeowners, and now basically everyone who is making average income.
And now Portland is losing population year and year, with many of them moving across the river in WA actually..
If you chase away all the money, eventually you have just poor money and no tax base. When everyone's too poor to pay taxes how will the government be funded and how will the services be provided??
Unique_Engineering_3 t1_jdu0sug wrote
> Portland said who cares too, they hate the rich too. Except the rich quickly became upper middle class, than middle class homeowners, and now basically everyone who is making average income.
> And now Portland is losing population year and year, with many of them moving across the river in WA actually..
> If you chase away all the money, eventually you have just poor money and no tax base. When everyone's too poor to pay taxes how will the government be funded and how will the services be provided??
You didnât seem to understandâŚ
I donât give a sâ¨t if I ex-OR residents moved to WA to avoid taxes will have to move out of WA to some other state to avoid taxes.
Why?
Its no fiscal loss to the state
I might care if their $500m/yr in taxes left. But they would have to pay that to the state in the first place make it a loss to the state after they move.
JackAlexanderTR t1_jdu11h0 wrote
It absolutely is. They make lots money and buy lots of (expensive) stuff. So lots of sales tax loss which is the main way the state budget is funded.
Also small businesses already pay lots of taxes (big businesses too), and their owners are more likely to move out too.
Unique_Engineering_3 t1_jdu18kl wrote
> It absolutely is. They make lots money and buy lots of (expensive) stuff. So lots of sales tax loss which is the main way the state budget is funded.
> Also small businesses already pay lots of taxes (big businesses too), and their owners are more likely to move out too.
You convinced me, Oregon had it right.
No sales tax, all income tax.
Wwwhhhaaattt?!?!
They figured out they pay LESS tax in WA with sales tax on âtheir expensive stuffâ than they did in OR with income tax and no sales tax. Thatâs why they moved in the first place.
Income tax is a more fair way to tax people as a percentage of their income than sales taxes anyway. So yeah⌠letâs do it!
Good job, u/JackAkexanderTR, youâre a great salesman! đ
JackAlexanderTR t1_jdvl54g wrote
If you think Oregon has it right than you're not being very realistic. Oregon had so much potential and it's completely wasted because of implementing lots of bad ideas on top of bad management. It went from being a destination state to being a exodus state.
I have nothing against income tax if all other states implement one. Otherwise it's just much too simple for those actually paying majority of these taxes to move to a no income tax state.
Unique_Engineering_3 t1_jdxslyy wrote
> If you think Oregon has it right than you're not being very realistic. Oregon had so much potential and it's completely wasted because of implementing lots of bad ideas on top of bad management. It went from being a destination state to being a exodus state.
Oh no! Theyâre not kidding the butts of the wealthy enough! They ran to Washington! Boo hoo! đ
Oh wait⌠I donât care.
In the laboratory of real life the wealthy determine that WA had lower tax exposure than OR according to your post.
If WA because less off a tax haven for the wealthy and the decide to move againâŚ
I. Do. Not. Care.
> I have nothing against income tax if all other states implement one. Otherwise it's just much too simple for those actually paying majority of these taxes to move to a no income tax state.
I agree. All income tax, including capital gains and wages at the same rate and no sales tax for all US citizens.
Not a U.S. citizen? No sales tax exemption.
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