Quote:
Originally Posted by Derek Sutton
I agree with whay you've said, but I can also get behind this luxury tax and wish it would go further. Quads, RV's, vacation homes are only a few examples of what other luxurious items that this tax should apply to. I believe in an increase in taxing consumption over increase in taxing income as those who spend more should have more disposable income and there far fewer loopholes.
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See when you get into that you are only hurting the middle class. People who've saved over their lifetime for one extravagance in their retirement, maybe an RV to tour around in, a small aircraft to enjoy, or a cool car to cruise in. This won't hurt the rich who can lease these items on a business and have a dozen loopholes.
Luxury taxes are sold to the poor saying anything they can't afford is a luxury but they should be based more on the income of the purchaser than the cost of the item.