Are Taxes Complex??

Here is a little list of some of the taxes we are subject to. This many different taxes makes the tax system complex and difficult to determine how much we are actually paying. The most interesting discussion is the hidden taxes, which most people don't even think about, but consumes our resources.

This is just a starter list. There are certainly more taxes we could add.

Hidden taxes
  • Compliance costs (money paid to comply with laws)
  • Corporate income tax (makes goods/services cost more)
  • Government health insurance (pay extra for subsidies)
  • Health care costs (paying for free riders)
  • Inflation (makes your dollars worth less)
  • Tariffs
Income taxes
  • Accounts receivable tax
  • Accumulated earnings tax
  • Alternative minimum tax
  • Business and occupation tax
  • Capital gains tax
  • Federal income tax
  • Federal unemployment tax (futa)
  • Franchise tax
  • Gift tax
  • Inheritance tax
  • Inventory tax
  • Kiddie tax
  • Local income tax
  • Medicare tax
  • Social security tax
  • State income tax
  • State unemployment tax (suta)
  • Workers compensation tax
Property taxes
  • Ad valorem tax
  • Personal property tax
  • Real estate tax
  • Recreational vehicle registration
  • Trailer registration
  • Vehicle registration
Sales/consumption taxes
  • Cigarette tax (sin tax)
  • Fuel tax
  • Hotel occupancy tax
  • Liquor tax (sin tax)
  • Luxury taxes
  • Prepared food tax
  • Sales taxes
  • Telephone tax
  • Use tax
  • Utility taxes
  • Vehicle sales tax
Industry specific taxes
  • Food license
  • Fuel permit
  • Highway use tax
  • International fuel tax
  • Professional licenses
  • Weight distance tax
Other taxes
  • Building permit
  • Business license
  • Corporate registration
  • Court fines
  • Dog license
  • Fishing license
  • Hunting license
  • Impact fees
  • IRS interest
  • IRS penalties
  • Marriage license
  • Service charges
  • Toll fees
  • Traffic fines
Some Taxes Suck More

Of all the countless taxes we are subject to, sales tax is my preferred tax. Property taxes and income taxes are my least favorite.
Sales tax is preferred to other taxes because it gives you some control over how much tax you will pay. If you don’t want to pay taxes, don’t buy stuff. If this was our only tax, it might encourage people to save money. Another benefit of sales tax is that it captures revenue from all the tax evaders. When they buy stuff with their ill-gotten gains, they would pay tax.
Property tax is a real looser. Stop paying your property taxes and the government will take your property. So, you really don’t own anything, the government just lets you rent it.
Income tax is almost as bad as property tax because it incentivizes people to keep their income low, either to keep tax benefits or to avoid higher tax brackets. Take this tax away and people would keep striving for higher income.
So, if it would up to Darren Judd, I would eliminate property tax and income tax and then raise the sales tax to replace the lost revenue.
Problem solved.

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