the author is an associate professor in the department of finance at the University of St.Thomas
I’d say time to remove Dayton....
Dayton's tax plan violates the basic principles of tax reform. It intensifies the pain of taxation by imposing hidden taxes on intermediate business purchases.
Isn't that pretty much what a VAT does?
posted on 02/03/2013 9:33:16 AM PST
by E. Pluribus Unum
(TYRANNY: When the people fear the politicians. LIBERTY: When the politicians fear the people.)
The great thing about being a limousine liberal is that results don't matter.
He’s right. Just so you know. This is a VAT tax by another name. I wish the media would occasionally ask why gubmints can’t tighten their belts when we have to.
posted on 02/03/2013 11:00:35 AM PST
(Nothing funny here ;-)
According to non-partisan legislative researchers, "Standard tax policy principles argue that intermediate business purchases should not be subject to consumption taxation. This follows from the purpose of the tax, to tax consumption, and the principle of horizontal equity -- i.e., to tax taxable consumption on an equal basis or only once."
Just because Dayton exists in a prescription-drug haze doesn't mean he hasn't absorbed the European lessons of the VAT and the wealth it can unlock for the state treasury.
Minnesota might just surpass New York and California for business-punishment if this gets through.
posted on 02/03/2013 4:21:59 PM PST
(Money, like chocolate on a hot oven, was melting in the pockets of the people.)
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