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eigenrobot's profile
eigenrobot
eigenrobot
eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    1. eigenrobot‏ @eigenrobot 20 May 2020

      eigenrobot Retweeted Tax Foundation

      get out of california nowhttps://twitter.com/TaxFoundation/status/1263180258364227584 …

      eigenrobot added,

      Tax FoundationVerified account @TaxFoundation
      In California, where officials are projecting a stunning $54B deficit, Gov. Newsom’s budget proposes a range of new revenue options, including an important change to how business income is calculated for tax purposes, eliminating NOL carryovers for most businesses for 3 years. pic.twitter.com/Ot4DEp61vO
      Show this thread
      26 replies 7 retweets 117 likes
      Show this thread
    2. Alessandro (139/380 figured bass exercises)‏ @polisisti 20 May 2020
      Replying to @eigenrobot

      hmm if you could be dictator of California, what revenue measures would you put in place? raise the sales tax? (PS.—are sales taxes in U.S. states VATs, which are good, or are they taxes on gross receipts, which are bad?)

      2 replies 0 retweets 0 likes
    3. eigenrobot‏ @eigenrobot 20 May 2020
      Replying to @polisisti

      sales taxes are on gross receipts California has a thousand issues I would solve as dictator but I'm guessing you don't know about Prop 13 or you wouldn't have asked :)

      2 replies 0 retweets 1 like
    4. Alex Godofsky‏ @AlexGodofsky 20 May 2020
      Replying to @eigenrobot @polisisti

      sales taxes are not really gross receipts taxes bc they only apply at 1 point in the chain (modulo minor issues of like, business supplies not exempted or whatever); they are roughly equivalent to VATs

      1 reply 0 retweets 3 likes
      eigenrobot‏ @eigenrobot 20 May 2020
      Replying to @AlexGodofsky @polisisti

      hmmmm I don't think they are equivalent. hmmmmmmmmmm.

      7:17 PM - 20 May 2020
      • 1 Like
      • Alex Godofsky
      1 reply 0 retweets 1 like
        1. New conversation
        2. Alex Godofsky‏ @AlexGodofsky 20 May 2020
          Replying to @eigenrobot @polisisti

          apart from implementation quirks the typical US sales tax is equivalent to a VAT that exempts services

          1 reply 0 retweets 0 likes
        3. eigenrobot‏ @eigenrobot 20 May 2020
          Replying to @AlexGodofsky @polisisti

          need to think about this when not in withdrawal

          0 replies 0 retweets 3 likes
        4. End of conversation

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