There are more than a few states that do not have a state income tax, deriving their operating funds from other sources. Nevada comes to mind.
The fine citizens of Massachusetts, a state in love with taxes despite the history of the Boston Tea Party, are about to vote on a proposition that would phase out the personal income tax.
What would this mean for public higher education in Massachusetts?
Darren
ReplyDeleteThanks for the update….if this passes I have hope that when Teddy Kennedy assumes room temperature the electorate may choose someone other than his Louisiana born and raised wife…..
States I've lived in
ReplyDeleteno income tax, Oklahoma, Texas, Georgia, Alabama, Florida.
State income tax Kentucky, Arkansas
And Arkansas has the most regressive tax there is, a tax on groceries and over the counter medicines.
As Burke noted, "the revenue of the state is the state." All governments, especially state governments, have necessary expenses that must be funded or the overall quality of life goes down. Think about the states with no income tax. I've spent quite a bit of time in Nevada, and I have no desire to live or raise my children there. And, keep in mind, few states can afford to eliminate income tax revenue that won't be replaced by billions and billions in casino profits.
ReplyDelete