“The elimination of the income tax is not just a win for our economy. It’s a win for freedom,” the Governor gushed. Well, sort of. The state income tax will be phased out over the next five to ten years, depending on the budget effects. I suppose that’s probably fiscally prudent, but it is somewhat less satisfying than ju…
“The elimination of the income tax is not just a win for our economy. It’s a win for freedom,” the Governor gushed. Well, sort of. The state income tax will be phased out over the next five to ten years, depending on the budget effects. I suppose that’s probably fiscally prudent, but it is somewhat less satisfying than just cutting it off cold. Oh— and the state gas tax will double from 9 cents to 18 cents a gallon.
For the late in the day readers, and for old time Arthur Andersen accountants, this is another age old sleight of hand move by vote seeking politicians.
Shifting tax burden from “progressive” to “regressive” citizens keeps high(er) income earners happy. The poorer citizens who live further from their job(s) plow through wage $$ in gas consumption as well as automotive repairs ( such nice roads we all have here) while the well heeled with work-at-home jobs, or those wealthy enough to simply not work will all benefit, don’t concern themselves with earnings consumption on basics like fuel. Call it Marxism, I know.
Regression to the Mean: I live across the street, in AL, from the crooked letter state and at least the roads on which I travel are much better in MS. We also have a terribly regressive taxation system that kills the will of the poor. They tax everything, even food. Anything you make over $3,000 in income is taxed at 5%. There are people here that pay little to nothing in Federal taxes but still pay 5% in State income taxes and a combined 10% in state and local sales taxes.
Then we are hit with "Property" taxes which go up with the whims of an inflated real estate market even though the residents have lived there for the entirety of their lives and have no intention of ever actually making money from the property. But they have to pay for their terrible schools which are avoided by anyone that loves their children. There is no tax break for avoiding the indoctrination. It only means we pay more for something we are already paying for.
I don't think this state actually ever really went Red. They aren't even Rino's really. More like Dixiecrats. Many of our past Governers are hanging out with the Chicago politicians in club Fed. Our current Governer, Mee Maw, is internationally famous for "blaming the unvaccinated folks" for killing people. But even with that she was "elected" again.
I'd like to go to MS because there are some really nice areas along the coast, but I don't trust something that takes 5-10 years to develop. So maybe I'm Florida bound.
I agree that a Citizen's initiative is required to get food and fuel and basic items taxes AND FEES down to 1% or ZERO, also a licensing fee on legislators and lawyers of say $500 per quarter plus add .03% of all legal expense collected court costs--we need to stick it to them. Why not a wealthy person contributory FEE where if you don't get a W-2 form verifying annual hours worked or other equivalent proof of wages or fixed income, then you pay flat citizen services availability fee of $5,000 year or 1% of value of assets in the state whichever is greater. Soak the Shirking-class Rich and non-producer grifters, leave working class EARNERS and small business alone to produce and not get skimmed off the top.
You had me until you supported the taxing of assets. For one thing, those assets may have already been taxed in several different ways. For another, it disincentivizes frugality and saving. That's not even delving into the taxing of your house's value, which is already done yearly or semi-yearly in most states. Taxing assets eventually chips them down to nearly zero, a positive incentive for wasteful spending (since you'll be poor no matter what, so why not blow it all on transitory experiences).
Per Mississippi:
“The elimination of the income tax is not just a win for our economy. It’s a win for freedom,” the Governor gushed. Well, sort of. The state income tax will be phased out over the next five to ten years, depending on the budget effects. I suppose that’s probably fiscally prudent, but it is somewhat less satisfying than just cutting it off cold. Oh— and the state gas tax will double from 9 cents to 18 cents a gallon.
For the late in the day readers, and for old time Arthur Andersen accountants, this is another age old sleight of hand move by vote seeking politicians.
Shifting tax burden from “progressive” to “regressive” citizens keeps high(er) income earners happy. The poorer citizens who live further from their job(s) plow through wage $$ in gas consumption as well as automotive repairs ( such nice roads we all have here) while the well heeled with work-at-home jobs, or those wealthy enough to simply not work will all benefit, don’t concern themselves with earnings consumption on basics like fuel. Call it Marxism, I know.
Regression to the Mean: I live across the street, in AL, from the crooked letter state and at least the roads on which I travel are much better in MS. We also have a terribly regressive taxation system that kills the will of the poor. They tax everything, even food. Anything you make over $3,000 in income is taxed at 5%. There are people here that pay little to nothing in Federal taxes but still pay 5% in State income taxes and a combined 10% in state and local sales taxes.
Then we are hit with "Property" taxes which go up with the whims of an inflated real estate market even though the residents have lived there for the entirety of their lives and have no intention of ever actually making money from the property. But they have to pay for their terrible schools which are avoided by anyone that loves their children. There is no tax break for avoiding the indoctrination. It only means we pay more for something we are already paying for.
I don't think this state actually ever really went Red. They aren't even Rino's really. More like Dixiecrats. Many of our past Governers are hanging out with the Chicago politicians in club Fed. Our current Governer, Mee Maw, is internationally famous for "blaming the unvaccinated folks" for killing people. But even with that she was "elected" again.
I'd like to go to MS because there are some really nice areas along the coast, but I don't trust something that takes 5-10 years to develop. So maybe I'm Florida bound.
And I thought we had it bad here in Michigan! Hope you are successful in getting out from under the heavy tax burden!
I agree that a Citizen's initiative is required to get food and fuel and basic items taxes AND FEES down to 1% or ZERO, also a licensing fee on legislators and lawyers of say $500 per quarter plus add .03% of all legal expense collected court costs--we need to stick it to them. Why not a wealthy person contributory FEE where if you don't get a W-2 form verifying annual hours worked or other equivalent proof of wages or fixed income, then you pay flat citizen services availability fee of $5,000 year or 1% of value of assets in the state whichever is greater. Soak the Shirking-class Rich and non-producer grifters, leave working class EARNERS and small business alone to produce and not get skimmed off the top.
You had me until you supported the taxing of assets. For one thing, those assets may have already been taxed in several different ways. For another, it disincentivizes frugality and saving. That's not even delving into the taxing of your house's value, which is already done yearly or semi-yearly in most states. Taxing assets eventually chips them down to nearly zero, a positive incentive for wasteful spending (since you'll be poor no matter what, so why not blow it all on transitory experiences).
👏
Reported the ‘Kim’ scam