General Discussion
In reply to the discussion: How would you go about taxing wealth? [View all]brazil
(89 posts)Truly progressive property taxes. Not just at the state level but the federal as well. This is probably the easiest way to tax acquired wealth, since systems for valuing property exist already. The federal property tax should take into account the cost of living in various areas, though.
Much higher inheritance taxes. It will not hurt "small businesses" - an LLC or corporation lives on indefinitely and so do its assets.
Get rid of the sales tax. It affects the poor much more than other types of taxes do. It punishes people for stimulating the economy, which is exactly the wrong thing to do.
Treat capital gains the same as any other kind of income. Someone who inherits wealth should not get to pay 15% while I pay 28%. I work for a living. That should be rewarded in the tax code, not punished.
Have a much higher gasoline tax. This will spur innovations in fuel efficiency and get us off the addiction to foreign oil. Offset this by a progressive tax credit based on income.