Eliminate SC Newspaper Exemption
S.C. LAWMAKERS SHOULD CLOSE $13 MILLION LOOPHOLE, PUT MONEY IN REBATE FUND Earlier this month, this You must Subscribe or log in to read the rest of this content.
S.C. LAWMAKERS SHOULD CLOSE $13 MILLION LOOPHOLE, PUT MONEY IN REBATE FUND Earlier this month, this You must Subscribe or log in to read the rest of this content.
16 comments
Eliminate all the sales tax exemptions and reduce the sale tax rate. What even happen to the lawsuit brought against SC for having more in sale tax exemptions than in sale tax collections?
It is still ongoing.
Objection! This would cut into Pierre’s weekend-boogie spending money.
Overruled. Harrell will reimburse Pierre from his GOP reptile fund.
Which taxpayers? To those that contribute to the tax coffers via income taxes? Or to those who pay sales taxes.
Joe’s suggestion is best; simply lower the sales tax collection when the exemptions are removed.
Sales taxes are a sorry and unpredictable source of revenue to begin with. Gov’t can’t fund recurring basic costs of government effectively as we learned the hard way during the most recent and enduring downturn.
Secondly, sales taxes are regressive as hell. They place the load on those who are poorest and those on fixed income (Seniors, retirees, disabled, etc.)
Rebate sales tax income to those who pay only income tax? How then, would the payers of the sales tax be rebated? This rebate crap is so old and impractical as to be laughable. Even stubborn mules know when a dead horse has been beaten long enough.
Agred. What happens when the state budget is $30 milion in the hole? Does each taxpayer have to pay his or her fair share.
Not a bad idea. How about putting The State newspaper’s rescinded tax breaks into that precious bus system they don’t believe Midlands tax payers can ever dump enough good money after bad, into?
Will, this is asinine.
The “exemption” on the purchase of newspapers won’t go back to the taxpayers.
If the exemption goes away, the price of newspapers increase. So the taxpayers will pay more.
And it will be the ONLY disseminator of public information that is taxed on its delivery, giving a slightly unfair advantage to TV, radio and web sites that are not paid content.
Just face up to that one fact. If the exemption on sales tax for newspaper goes away, readers start paying a tax they didn’t before. In other words, it’s a tax INCREASE.
FITS is way ahead of you here. If the exemption is removed, newspaper publishers will just pass that cost on to consumers in the form of higher costs per newspaper. If newspapers cost more, people will buy less of them, but they still want to get thir news from somewhere (particularly state and local). So what happens, they go online and click on blogs like this one…which equals to more profit for FITS.
The taxpayers who choose to buy a newspaper will pay more, as it should be. Those taxpayers who sensibly read their news on the Internet should not subsidize those who still receive their morning paper.
In any event, if the newspaper must pay more, and the readers will support the price increase, so be it. But if the readers won’t support the price increase, then the government shouldn’t prop up a dying business.
Are there any examples of a govt that is run this way? If so, what are the results? The logistics of it all seem to be screwed up.
Not that I’d turn down a rebate check, but seems it would be better to manage your money, then reduce taxes if there was a surplus.
Alas, if there was a surplus, instead of thinking about the future, our esteemed leaders would look at it as a gift and how they could spend it.
How about we eliminate the sales tax cap on autos? The max one will currently pay is $300 regardless of the sales price. Assuming just a 2% sales tax on a $50,000 car would be $1000. Want another sales tax loophole. Did you know there are no sales tax on Bibles? One last did you know…there are no sales taxes assessed or collected on grocies paid for with an EBT card? Seriously, if a person can not afford to pay $2 on a free $100 groceries then something is really wrong.
‘I remember the newspapers dying like huge moths.No one wanted them back. No one missed them.’
A supposed *libertarian* calling for taxes….this is just great.
I see you are a Libertarian who will call for more taxes…when it benefits you.
For a “Fiscal Conservative” FITS has never met a tax break he likes…
I don’t care if you are a Liberal-Libertarian, or moderate,…but we have far too many LIARS in the media…
Just admit what you are…
So had they not fired Renee….and printed the story that you and Ashlee drafted for them…..you would be ok with their tax exemption.
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