Recruiting forum off topic thread (merged)

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#5,326
#5,326
NashVOL93 said:
That's true. There's about 6.5 million people in the state of Tennessee. How many people do you think would realistically fall into that category (paying zero taxes due to evasion)? 1%? 2%? 5%? Let's say 5%, just to be conservative.

So it comes down to utilitarian theory. Keep in mind that 55% of households in Tennessee bring in $50k or less per year, and the median income is $44100. Is it really worth hurting the majority of Tennesseean households just to collect sales taxes from the 5% of human scum that aren't contributing anything to society?

I don't think so, but that's just my opinion.

Also, I'm not proposing to get rid of sales taxes completely. I just think they should be balanced evenly against a reasonable income tax. Say 5% sales, 4% income, or vice versa as needed to achieve a comparable level of state tax revenue to what we have now.

*Household income numbers from WolframAlpha
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Even if it's 1%, that's fine. Statewide, we had roughly 30 billion in tourism dollars spent in the state. That means a huge chunk of folks from outside our state paid a portion of our taxes too. I'd rather have folks from Ohio or Alabama visiting to watch a game or go to the smokies pay part of my taxes which would otherwise come out of my income. Not to mention, one huge reason states with no income tax do so well economically is that we attract business. If you are a CEO of a company looking to relocate, and are pulling a 7-8 figure salary, where do you want to relocate? A place with no state income tax, or a place where you're going to pay a 'progressive income tax' and will be in the highest bracket.
 
#5,327
#5,327
InVOLuntary said:
He does since $60k cost more than the $12k car. Income taxes are the most regressive taxes you can have. Penalizes people for making money.
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At no point have I said I want income taxes. I don't. What I'm saying is that the sales tax on a 60,000 car should be higher in percentage than a 12,000 car. It's not. A 12,000 car is essentially taxes at 7.9%, while a 60,000 car is effectively taxed at a rate of 7.18%
 
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#5,328
#5,328
jman9865 said:
At no point have I said I want income taxes. I don't. What I'm saying is that the sales tax on a 60,000 car should be higher in percentage than a 12,000 car. It's not. A 12,000 car is essentially taxes at 7.9%, while a 60,000 car is effectively taxed at a rate of 7.18%
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Both are taxed at 7% plus $88. $44 is the county tax and $44 is the state single article tax. As someone that owns a business that manufactures and sells a luxury item, I lose sales because of how expensive our sales tax is. I sell more of my product out of state because it is not as punitive in other states. When you are selling something that is $300k, you can rest assured that a $21,000 tax bill can kill sales. However, when I'm selling, I have people working. Those people in turn buy things. Penalizing luxury items usually comes back to bite the $40k guy too.
 
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#5,329
#5,329
InVOLuntary said:
Actually only the first $3200 is taxed at 9.75%, the rest is taxed at 7%.
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InVOLuntary said:
Both are taxed at 7% plus $88. $44 is the county tax and $44 is the state single article tax. As someone that owns a business that manufactures and sells a luxury item, I lose sales because of how expensive our sales tax is. I sell more of my product out of state because it is not as punitive in other states. When you are selling something that is $300k, you can rest assured that a $21,000 tax bill can kill sales. However, when I'm selling, I have people working. Those people in turn buy things. Penalizing luxury items usually comes back to bite the $40k guy too.
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If both are taxed the way you stated at first then the higher the price of the car, the lower the overall tax rate.
 
#5,330
#5,330
jjay2518 said:
If both are taxed the way you stated at first then the higher the price of the car, the lower the overall tax rate.
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Very small difference. The tax rate is 7% on the whole thing. 2.75% on 0-$1600 for the county, 2.75% $1600-$3200. It's basically 7% plus $88.

So the 60k car will have a $4288 tax bill where the 12k car Will have a tax bill of $928.
 
#5,331
#5,331
InVOLuntary said:
Both are taxed at 7% plus $88. $44 is the county tax and $44 is the state single article tax. As someone that owns a business that manufactures and sells a luxury item, I lose sales because of how expensive our sales tax is. I sell more of my product out of state because it is not as punitive in other states. When you are selling something that is $300k, you can rest assured that a $21,000 tax bill can kill sales. However, when I'm selling, I have people working. Those people in turn buy things. Penalizing luxury items usually comes back to bite the $40k guy too.
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Aside from the first two sentences, I agree with you. But if you can afford 300k and not 330k, then you should buy a 270k item. But, it should be noted that a national sales tax has the tax included in the price (as our state tax should too, in my opinion). So an item listed at 300k is actually 300k total cost.
 
#5,332
#5,332
jman9865 said:
Aside from the first two sentences, I agree with you. But if you can afford 300k and not 330k, then you should buy a 270k item. But, it should be noted that a national sales tax has the tax included in the price (as our state tax should too, in my opinion). So an item listed at 300k is actually 300k total cost.
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I could also say if you can't afford to pay 12900 for a car you should buy a 11,000 car. Fair is fair. Same percentage for everyone. Don't penalize someone for doing better than the next. Imo
 
#5,333
#5,333
InVOLuntary said:
Oh ok , I misunderstood. That is not the case though as in reality people spend what they make. The guy making $50k may be renting and not buying a home. In addition the guy making more may have a $60k truck on the side as well as a boat while driving his beamer daily. He's got the 70" flat screen instead of the 32. It goes on and on. Not to mention he's spending his money creating jobs for others.
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Right. He is most likely spending marginally more on luxury items, which I mentioned in my post. However, the bulk of sales tax revenue comes from inelastic items like groceries, toiletries, etc, and not from elastic luxury items, because exponentially more money is spent on those products than on luxury items.
 
#5,334
#5,334
InVOLuntary said:
He does since $60k cost more than the $12k car. Income taxes are the most regressive taxes you can have. Penalizes people for making money.
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If an income tax penalizes people for making money, then doesn't a sales tax penalize people for spending it?

A progressive income tax is definitely regressive. A flat tax, however is fair to everyone.
 
#5,335
#5,335
InVOLuntary said:
I could also say if you can't afford to pay 12900 for a car you should buy a 11,000 car. Fair is fair. Same percentage for everyone. Don't penalize someone for doing better than the next. Imo
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I agree. You said that the first 3200 was taxed at 9.75%, anything above was taxed at 7%. I said that at that rate, a 60,000 car would therefore be taxed at just under 7.2% while a 12,000 car would be taxed at 7.9%. That is NOT the same percentage for everyone.

I think we agree everyone should pay the same percentage. I bet we also both agree that percentage is too high. However, I'm a realist and doubt that policy would ever be voted into effect because there is an element in this country who believes those who make more should be taxed at a higher percent. I do not, but if there must be a compromise in this area, I'm fine with slightly higher sales taxes on certain items that are obvious luxuries because we at least then have the ability to choose what we pay taxes on and how much that is, as opposed to an income tax where we have no choices to make.

Just out of curiosity, if you're not uncomfortable talking about it on a forum, what type of item do you manufacture?
 
#5,336
#5,336
NashVOL93 said:
Right. He is most likely spending marginally more on luxury items, which I mentioned in my post. However, the bulk of sales tax revenue comes from inelastic items like groceries, toiletries, etc, and not from elastic luxury items, because exponentially more money is spent on those products than on luxury items.
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Nash, we'll just have to agree to disagree. I think the $150k would spend significantly more tHan the $40k guy therefore paying significantly more taxes. Are the $40k guys taxes a higher percentage of his income? Probably, but chances are the $150k invested a lot more than the $40k guy in education and investment. Penalizing success in this country is what has got us in the mess we're in now. All JMO.
 
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#5,337
#5,337
Hiking luxury taxes in excess isn't the answer, IMO. You can get away with it a little bit, but you shouldn't excessively penalize luxury brands for choosing to set up shop and employ people by taxing their products at a higher rate than non-luxury products. The US did this in the early 1990's and it didn't go so well; the desired tax revenue levels weren't realized and it hurt the income of luxury product sellers.
 
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#5,338
#5,338
NashVOL93 said:
Right. He is most likely spending marginally more on luxury items, which I mentioned in my post. However, the bulk of sales tax revenue comes from inelastic items like groceries, toiletries, etc, and not from elastic luxury items, because exponentially more money is spent on those products than on luxury items.
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True, but that's why proposed sales taxes (nationally) have rebates based on number of people in the household and how much purchasing of staple items there should be for a household with that many dependents.
 
#5,339
#5,339
jman9865 said:
I agree. You said that the first 3200 was taxed at 9.75%, anything above was taxed at 7%. I said that at that rate, a 60,000 car would therefore be taxed at just under 7.2% while a 12,000 car would be taxed at 7.9%. That is NOT the same percentage for everyone.

I think we agree everyone should pay the same percentage. I bet we also both agree that percentage is too high. However, I'm a realist and doubt that policy would ever be voted into effect because there is an element in this country who believes those who make more should be taxed at a higher percent. I do not, but if there must be a compromise in this area, I'm fine with slightly higher sales taxes on certain items that are obvious luxuries because we at least then have the ability to choose what we pay taxes on and how much that is, as opposed to an income tax where we have no choices to make.

Just out of curiosity, if you're not uncomfortable talking about it on a forum, what type of item do you manufacture?
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I get 7.3% vs 7.2% rounding but it's really insignificant.


I would rather not say what we manufacture as it would be easy to connect the dots.
 
#5,344
#5,344
DominicLoBianco said:
Any Nike leaks of what to expect for our uniforms? Will we be wearing them for the spring game?
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Hopefully the biggest question mark going into next season will not be a unit, but the uniform. Every year since before the clawfense the biggest question mark has been the LB depth or the O-line youth or D-line size, etc. I'm hoping that this year that won't be, and we can debate uniforms instead of depth charts. It's amazing what a few good recruiting classes can do!
 
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#5,345
#5,345
Every now and then I'll get the urge to visit the FF. Whenever I do I see things so off base I feel the need to chime in. It always goes shockingly bad. When will I learn my lesson?
 
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#5,346
#5,346
Vols4us said:
[/B]
It looks good right now unless he were to get the high pick money. He is a huge UT fan and really likes Serano. Will know more down the line.

Glad you are doing some analysis. Will "pitch" in when I can. I played D-1 for a time back in the 70's along with my Reds fandom for a lifetime. It is a great, crazy, wonderful game IMO. The talent in the game is off the charts better than in my day. International sport now.
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If we could just have you post in that forum more, that'd be more than great. What I have noticed that kids in the top 150 will generate the high draft picks and such. Those are the only kids I would worry about. The only two kid that signed to the MLB from our 2014 class were Lane Thomas because of Money, and Steen because his grades were low.

Baseball is a crazy great game. You always see the strangest stuff in baseball. I think I can learn a lot from you, so come by and say hi.
 
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#5,347
#5,347
Vols4us said:
[/B]
It looks good right now unless he were to get the high pick money. He is a huge UT fan and really likes Serano. Will know more down the line.

Glad you are doing some analysis. Will "pitch" in when I can. I played D-1 for a time back in the 70's along with my Reds fandom for a lifetime. It is a great, crazy, wonderful game IMO. The talent in the game is off the charts better than in my day. International sport now.
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Agreed. The game has changed a lot and is much more competitive even since the late 90s and my days playing at UT. As much as I love football, baseball will always have a big chunk of my heart. I love CDS and can't wait to see how far he takes our program. GBO
 
#5,348
#5,348
TriedAndTrueVOL said:
Agreed. The game has changed a lot and is much more competitive even since the late 90s and my days playing at UT. As much as I love football, baseball will always have a big chunk of my heart. I love CDS and can't wait to see how far he takes our program. GBO
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I think he becomes a member of a very elite club this year who takes his third different program to Omaha. Only three guys have done that.
 
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