U.S. states flirt with major tax changes

Discussion in 'Politics' started by Freewill, Jan 13, 2013.

  1. Freewill
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    Freewill Gold Member

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    I guess the red state governments will have to do what the majority party has failed to do, go, go Bobby!!!!!


    U.S. states flirt with major tax changes | Reuters

    Louisiana Republican Governor Bobby Jindal, for instance, called on Thursday for ending the state's income tax and corporate taxes, with sales taxes compensating for lost revenue.
     
  2. AmyNation
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    AmyNation Road Warrior Supporting Member

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    Well, it will be a great way to see if regressive taxes work to promote growth.
     
  3. Freewill
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    Freewill Gold Member

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    Always nice when people have nothing to say they say it.
     
  4. AmyNation
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    AmyNation Road Warrior Supporting Member

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    I especially love this part

    "North Carolina's Rucho acknowledged the argument that the poor would be hit disproportionately by higher sales taxes....He said low-income people got more government assistance that could help offset higher tax costs. "

    Don't worry! We'll make sure they get welfare to compensate!
     
  5. Darkwind
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    Darkwind Gold Member

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    Affordable Healthcare Act. The most regressive and largest tax increase in American History.
     
  6. AmyNation
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    AmyNation Road Warrior Supporting Member

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    They are betting on trickle down economics. It didn't work on a national scale but they are hoping it works on the state level.

    I don't live in those states, so I don't really care how they decide to tax people. However it will be interesting to watch and see if it spurs growth or causes serious problems.
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    We have a progressive tax model, California, on display, 13 billion in the hole and counting.
     
  8. OODA_Loop
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    OODA_Loop Account Terminated

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    The tax and diminishing quality of care starts to hit home right about the time Obama starts banning guns and magazines ...........while States are enacting legislation asserting sovereignty.

    Stacking the tinder. Stick by Stick.

    He may get to be black Lincoln afterall.
     
  9. AmyNation
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    California has a lot bigger problems than progressive taxes.
     
  10. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    There is nothing regressive about a sales tax, Amy. Those of you saying how this is going to hurt the middle class and the poor have no idea what youÂ’re talking about. I work in North Carolina, am middle class, and pay a 7% income tax to the state. If they got rid of the income tax that would increase my paycheck by about $350 a month. There is no way I would spend that much in the additional sales tax.

    Furthermore, I am actually moving out west next month for my job. I had my pick of places to live: California, Nevada, Oregon etc. I chose Nevada specifically because they have no income tax. That is a huge incentive.

    If you do your research you will also find that the states with no income tax are in the top tier of growth in this country, while the highest states (California, NY, Illinois, NJ) have been in decline for some time.
     

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