Comments :: Pope, Shanahan find place in McCrory cabinet
Pope, Shanahan find place in McCrory cabinet
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127 Comments
Get the best value for your trade at John Hiester!
Home Alarm - $0 Down + $25/month
7:07 a.m. • 6-19-13
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Get the best value for your trade at John Hiester!
Home Alarm - $0 Down + $25/month
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December 21, 2012 7:31 p.m.
davidk_at_unc
If that includes you buying a house out of state all the more reason to be for it.
December 21, 2012 2:35 p.m.
December 21, 2012 1:00 p.m.
If the state income tax is eliminated, the sales tax rate will have to increase in order to make up for the lost revenue. A tax on income pretty much determines how much people will have to pay. I don't know anyone who'd be willing to take a lower paying job in order to reduce their taxes. A consumption tax is going to give everyone the option of spending less in order to save more. One of the side effects of this is that state tax revenue will drop. People will have the option of making their purchases outside the state if they can find better deals, further diminishing the state tax revenue. Pretty soon the state government will be living on a shoestring, making Mississippi actually look pretty good!
December 21, 2012 12:58 p.m.
Oh yeh? Well, I guess I'm be making most of MY big ticket purchases out of state from now on. Think of the money I'll save, especially if I'm no longer paying income tax!
December 21, 2012 12:51 p.m.
December 21, 2012 12:34 p.m.
December 21, 2012 12:22 p.m.
December 21, 2012 9:32 a.m.
Sales taxes are the least fair because they disproportionately affect the poor and middle class. The sales tax is extremely regressive because (a) you pay it even if your income is tiny and get no break whatsoever even on your first dollars and (b) a lot of what the rich buys or uses would not be subject to a sales tax, and what little they do that would be subject to the sales tax is taxed at the exact same rate as what the poor pays. That's only fair if you are naive enough to believe that the first $40,000 or so of a paycheck is not more important to the well-being of an average citizen than dollar amounts greater than that.
December 21, 2012 9:22 a.m.
December 21, 2012 8:54 a.m.