Sales tax

Men subject to a Man tax, yes really

It’s not racist when Black people do it and apparently, it is not sexist if the victims of inequality are men.

Nothing says gender equality quite like selectively taxing people because of their gender, and a Manhattan pharmacy is on the cutting edge of it.

In protest of America’s sexism towards women with the well-debunked “gender wage gap,” the Thompson Chemists pharmacy of SoHo have announced that all male customers will be subjected to an extra seven percent “man tax.”

Take that, patriarchy!

Starting Monday, the pharmacy began posting the following signs in their windows: “New store policy: All Female Customers Shop Tax Free” and “All Male Customers Are Subject to a 7% Man Tax.” See below:

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Removing income tax entirely, can it be done?

English: Governor Bobby Jindal at the Republic...

Governor Bobby Jindal at the Republican Leadership Conference in New Orleans, Louisiana. (Photo credit: Wikipedia)

Could it be possible…no income taxes at all? Bobby Jindal thinks so:

Governor Jindal has unveiled a specific proposal.

The plan will eliminate two major tax types: personal income tax and corporate income and franchise tax. Eliminating income taxes in a revenue-neutral manner and improving sales tax administration will dramatically simplify Louisiana’s tax system and reduce administrative problems for families and small businesses. The effective start date of the program is January 1, 2014. …The plan will ensure revenue neutrality by…[b]roadening the state sales tax base and raising the state rate to 5.88%.

This is a superb plan.

Of all the possible ways for a state to generate revenue, the income tax is the most destructive.

That’s why researchers consistently have found that states without this punitive levy grow faster and create more jobs.

It’s also worth noting that jurisdictions such as MonacoBermuda, and the Cayman Islands manage to be very prosperous in the absence of an income tax, though the incredible wealth of these places is partly a function of bad policy elsewhere, so the comparison isn’t perfect.

Anyhow, Gov. Jindal expands on this research with some very powerful data.  Read more »