The Goldendale Sentinel - Headlines & History since 1879

By Norm Luther
Spokane 

Letters from the community

 


Tax like Taiwan

To the Editor:

Want to erase U.S. debt and still fund new, effective programs? Then tax the Taiwan way. I recently witnessed firsthand Taiwan’s thriving economy. Besides capital gains tax, each Taiwan stock trade is assessed a 0.3 percent transaction tax, and the top income bracket is taxed at 45 percent—versus our 39.6 percent that Republicans continually strive to reduce.

Transaction tax may be the fairest mode of taxation since it is assessed on those sufficiently wealthy to trade stocks for “unearned income”—income from no productive work. But even Oregon Democratic US Representative Peter DeFazio’s proposed much smaller 0.03 percent transaction tax is st...



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