okay
you think you're getting your money's worth
uh never
i
uh the only thing i'm i'm thankful of is that we don't have to pay any income tax here in in Texas
well that's probably the next year's agenda
yeah boy i tell you what i sure hope they don't pass something like that
oh yeah they're finding the way the tax you every time you turn around and i i think one way or the other we're gonna
pay for the bureaucracy i guess
and uh
it's one area that's uh really i i think hurting the economy more than anything i think the taxes have just
every time you turn around they they have taking more bite out of the
dollars that are available for spending for any kind of products and i i i think that is probably
as big a item fueling the recession as anything
right now
well i i tell you um i remember every time it seems like we turned around they're adding another nickel or a few more cents onto the price of gasoline
that's right
that's right
and actually that one the the the taxes on gasoline don't don't bug me as much as uh uh what are we eight and a quarter percent sales tax
yep that's right
and every time you go to buy anything now uh even though you know they they tax food that's the one that really kind of bothers me
well i think that uh that the problem with the sales tax of course is it's an unfair tax across the board
uh as far as ability to pay which allegedly allegedly allegedly taxes are supposed to be directed towards
but uh now people with the
lowest income pay a hundred percent almost of you know taxes on everything they buy
and where people that make
you know two hundred three hundred thousand dollars a year certainly a portion of that they aren't going to be paying taxes on you know
and uh
that's the unfair equity inequities of sales tax as a main source of revenue but i don't think it is anymore not in Texas anyway
oh i got you because people that uh don't make very much money wind up spending it all
that's right that's right
and whatever they spent it on they have to pay tax on
that's right that's right
and that's the unfairness of the thing but uh
i think taxes generally are unfair
what what do you think of that new luxury car tax anything over ten thousand or thirty thousand dollars
well you know
like other things if they don't affect you you don't worry about them too much
i
i have trouble buying a twenty thousand dollar car still so uh it doesn't
i i think uh
uh you know generally the prices of cars have gotten out of line which is uh you know and uh
oh sure
i guess if people got thirty forty thousand bucks to spend on a car uh that's their
prerogative you know i i i don't have a whole lot of sympathy on that you you maybe you buy that you know and i don't mean to be knocking uh
no uh no i haven't but it it to me it seems really interesting that they come along and add another ten percent tax
uh on top of it and there's an awful lot of cars that cost more than thirty thousand
yeah there are there are and the idea of that kind of taxation is to have people think twice on putting their money into that i guess you know unless they really want it buy something that
you know
more
well it it's just like having taxes on or exemptions for kids you know it's a way of
increasing the population that that was one of the initial ideas of you know giving exemptions on kids on on federal taxes
yeah
and where you exempt things like uh uh one of the best things i heard on taxes to stimulate the economy someone brilliant deductor probably Lloyd Bentsen
said that all you know if they gave back the ah deductions on credit cards on your federal taxes people would probably be you know spending more money using their credit cards
right
right
now i don't know if that's true or not but if you look on all interest things not just credit cards but on your cars and you know any any kind of
interest that you're paying from a personal point of view that might make certain sense in stimulating consumer purchases
sure
so that's a lot of the games that politicians play on where they want to go you know tax things that they don't you know to a degree
well like booze you know example they keep raising the taxes on booze it gets to the point
you know it makes drunks sober you know they quit buying anything
well what what about the taxes on cigarettes
