[coloradan]

11. Auto and Housing Industry Hit Hard. As the luxury taxes have proven in the past, adding a large sales tax on item deters people from buying. In 1991, after the Democrats snuckered Bush Sr. into signing the Luxury Tax, Yacht retailers reported a 77 percent drop in sales that year, while boat builders estimated layoffs at 25,000. And that was only for a 10% tax! With new homes and autos having to compete against existing homes and used cars, paying the additional 30% sales tax will be hard to swallow for most consumers.

That was on top of income and business taxes, not instead of them which is the proposal at issue here.

Another fraud in your list.

[Always Right]

That was on top of income and business taxes, not instead of them which is the proposal at issue here.

And that matters because? The purchase of yachts did not go down because rich people all of a sudden could not afford to pay the extra 10% because they also pay income tax, but they just saw it as a waste and could not rationalize throwing 10% down the drain. Many probably went overseas and bought yachts to avoid the sales/luxury tax.

[expatpat]

It would be helpful to the rationality of discussion if we can all refrain from accusations of lying and fraud. Come on, guys (includes you gals too)!

[lewislynn]

That was on top of income and business taxes, not instead of them which is the proposal at issue here.

How does imposing a sales tax on a new home become "instead of" the income tax?

If I finance a new home for $200,000 + 30% tax = $260,000 then sell it 2 yrs later without collecting my tax paid how is that "instead of" my income tax exactly?