Taxation

Discussion in 'Politics' started by Gadawg73, Oct 10, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    States with an income tax had growth of 55% the last decade.
    States with NO income tax had growth of 81% the last decade.
    Guess why.
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    Tourism.
     
  3. Revere
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    Revere BANNED

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    I'm not down for believing it's as linear as that, but certainly those states would likely have less intrusive regulations on business, I would guess.
     
  4. Annie
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    Annie Diamond Member

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    Hmmm, can those be broken down by red state/blue state voting?
     
  5. Gadawg73
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    Gadawg73 Gold Member

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    States that do have an income tax draw MORE businesses to their state.
    The more business you have the more workers you have.
    Tennessee has no income tax. They get their revenue from sales tax and user fees.
    Income taxes are bad for the economy.
    You get MORE of what you reward and LESS of what you punish.
    Taxation is punishing productivity. The more you tax the less productivity you get.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    The Smoky Mountains is the most visited park in the U.S.
    Tennessee has no income tax because it can afford to have no income tax. Tourism more than makes up the difference.
     
  7. 2Parties
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    2Parties Senior Member

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    I work in Memphis now, and I'd consider moving to Mississippi if they didn't have an income tax. Since they do I live, eat, and shop in Tennessee.
     
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  8. Annie
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    Annie Diamond Member

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    I agree, it's what the tea parties are advocating.
     
  9. loosecannon
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    loosecannon Senior Member

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    almost certainly. Developed state economies do not grow as fast as developing state economies.

    Compare population increase to economic growth increase for a better stat to rank the states. THEN look at secondary factors.
     
  10. Annie
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    Annie Diamond Member

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    NYC is the most tourist visited city in US. Next Chicago, Washington DC, and San Francisco.

    Tourism does not make up the difference. In fact, all those states with those cities, (obvious exception of DC), have high income tax and budget problems galore.
     
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