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  1. #1
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    More States Cut Income Tax to Spur Growth

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  2. #2
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    The States can cut all they want. But if they are going to emulate Texas, the citizens can count on having higher property taxes.

  3. #3
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    Quote Originally Posted by Space Racer View Post
    There are multiple and repeated attempts to gain a state income tax in Texas. Property taxes are high here. I do not think Oklahoman's need worry about high property taxes, as any property in Oklahoma is practically worthless anyway.
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  4. #4
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    They can talk slashing income taxes all day long but they are going to make up the loss of revenue somewhere.

    income tax drill you long time....

  5. #5
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    Quote Originally Posted by corny View Post
    They can talk slashing income taxes all day long but they are going to make up the loss of revenue somewhere.

    income tax drill you long time....

    From the article:
    In Kansas, Republican Governor Sam Brownback is also proposing to cut income taxes this year to 4.9% from 6.45%, offset by a slight increase in the sales tax rate and a broadening of the tax base.
    In Missouri, a voter initiative that is expected to qualify for the November ballot would abolish the income tax and shift toward greater reliance on sales taxes.

    Property tax rates by state:
    http://tax.laws.com/property-taxes
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  6. #6
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    254 companies left California in 2011, 50 more than in 2010:

    http://www.ocregister.com/articles/m...ies-texas.html

    Most of them went to other states in the US.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  7. #7
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    Basically the states that cut taxes are trying to lure people and jobs from other states. Not sure if this is a good recipe for the country.
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  8. #8
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    Quote Originally Posted by printer2 View Post
    Basically the states that cut taxes are trying to lure people and jobs from other states. Not sure if this is a good recipe for the country.
    Basically, the companies leaving California are moving to other states just as other companies have moved to other countries. The states who "lure" companies have begun to tax more efficiently. And as they lure companies from other states, they learn how to lure American companies back from other countries.

    Income taxes are wasteful because they create twice the burden of sales taxes. (IOW, they are half as efficient.) They need to be eliminated.

    By keeping the competition between states, instead of between countries, the US economy benefits from the application of more efficient tax structures without additional interdiction and strangulation by federal controllers.

    California needs to take drastic measures. It's not likely to do so until it feels a big bite in its wallet. In the meantime, let's let other states figure out what works best, and take advantage when they get it right.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  9. #9
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    Quote Originally Posted by Space Racer View Post
    Basically, the companies are moving to other states just as other companies have moved to other countries. The states who "lure" companies have begun to tax more efficiently.

    Income taxes are wasteful because they create twice the burden of sales taxes. (IOW, they are half as efficient.) They need to be eliminated.

    By keeping the competition between states, instead of between countries, the US economy benefits from the application of more efficient tax structures without interdiction and strangulation by federal controllers.

    California needs to take drastic measures. It's not likely to do so until it feels a big bite in its wallet. In the meantime, let's let other states figure out what works best, and take advantage when they get it right.
    How is the tax structure of a state more efficient if it needs X Millions of dollars to operate and rather than collecting it through a income tax it is collected through a sales tax? Does not the same money come from the same source (you) but instead of collected by the state it is collected by businesses and then the state collects it from the businesses?

    While the states compete with each other does not the states with the advantage of natural resources just draw the tax base away from other states? Is this not a downward spiral where ultimately the states with the biggest advantages ghetto the states without?
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  10. #10
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    Quote Originally Posted by printer2 View Post
    How is the tax structure of a state more efficient if it needs X Millions of dollars to operate and rather than collecting it through a income tax it is collected through a sales tax? Does not the same money come from the same source (you) but instead of collected by the state it is collected by businesses and then the state collects it from the businesses?
    Income taxes are inefficient because they are part of the cost of business. Not only do employees and business pay the tax to the IRS, but consumers pay them when they buy goods and services. If you are a businessman or an employee who pays income taxes, you pay the tax twice, event though it's only collected once. Add on all the various costs of compliance, and the income tax becomes even more inefficient.

    Sales taxes are only paid once, and there is very little cost of compliance. As a result of switching to a sales tax system, the money previously spent on income taxes by employees and businessmen can go into the economy before it's paid by the consumer.

    While the states compete with each other does not the states with the advantage of natural resources just draw the tax base away from other states? Is this not a downward spiral where ultimately the states with the biggest advantages ghetto the states without?
    There are states and countries with little in the way of natural resources who do very well, thank you. Would you classify Japan as a ghetto?
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  11. #11
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    If the only tax was a sales tax, it would soon morph into a value added tax, and none of us want that.

  12. #12
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    Quote Originally Posted by Space Racer View Post
    Income taxes are inefficient because they are part of the cost of business. Not only do employees and business pay the tax to the IRS, but consumers pay them when they buy goods and services. If you are a businessman or an employee who pays income taxes, you pay the tax twice, event though it's only collected once. Add on all the various costs of compliance, and the income tax becomes even more inefficient.

    Sales taxes are only paid once, and there is very little cost of compliance. As a result of switching to a sales tax system, the money previously spent on income taxes by employees and businessmen can go into the economy before it's paid by the consumer.
    Income tax is the cost of business in the same way as sales tax is the cost of business. They both take money out of the business that is ultimately charged to the consumer. You could make a case that sales tax is more costly for business as every item has to be charged and the income tax is only charged once at the pay period. It would seem more efficient for business to not deal with sales tax at all and only pass on the income tax per employee.



    There are states and countries with little in the way of natural resources who do very well, thank you. Would you classify Japan as a ghetto?
    No I would not. but the investment in Japan was made many moons ago and there is both income tax and sales tax in Japan. Not sure how they are doing so well. But on a local level, your state level, you are saying that there will be no net loss to other states when no income tax states lure business away? With only so many dollars for development you can slice a pie different ways with some states getting bigger slices and other smaller. Those with more incentives will get the bigger slice, will they not?
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  13. #13
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    Texas vs. California
    Why so many people are moving from the Golden State to the Lone Star State:

    http://www.nationalreview.com/articl...a-chuck-devore

    Looks like an economic earthquake is going to wipe out California before the geologic one. If the California government keeps taxing the income of its citizens and businesses, passing regulations, and subsidizing poverty, there will soon be no one left to tax and regulate. And we'll be left holding the bag.

    California is our Greece.

    The rest of the US would be better off if California fell into the ocean.

    Better yet, the California government and all its burdensome regulations should fall into the ocean.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

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