reported in theweeklyStandard
Louisiana governor Bobby Jindal, a Republican, wants to
reform his state's tax code. Jindal announced today that his "goal is to
eliminate all personal income tax and all corporate income tax."
"We are meeting with every legislator over the coming
weeks to discuss the details of the tax reform plan. Our goal is to eliminate
all personal income tax and all corporate income tax in a revenue neutral
manner. We want to keep the sales tax as low and flat as possible," says
Jindal in a statement provided by the Louisiana governor's office.
"Eliminating personal income taxes will put more money
back into the pockets of Louisiana families and will change a complex tax code
into a more simple system that will make Louisiana more attractive to companies
who want to invest here and create jobs.
"Tax reform will remove administrative burdens from
families and small businesses and improve Louisiana’s business prospects;
create more business investment opportunities with increased job growth; and
raise the state’s profile in national business rankings.
"The bottom line is that for too long, Louisiana’s
workers and small businesses have suffered from having a state tax structure
that is too complex and that holds back economic prosperity. It’s time to
change that so people can keep more of their own money and foster an
environment where businesses want to invest and create good-paying jobs."
Currently seven states have no state income tax Alaska,
Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.
Apparently it works just fine for them and honestly seems the most fair to me.
By relying on a state sales tax for revenue you are , in a sense, taxing the
rich at a higher level since they typically buy more "things". While
people that make less money spend less money, and would pay less yearly in taxes.
With 47% of the people in the country paying no federal
taxes at all, and many of those people receiving checks for more than they paid
in, doing something on a national level like what Gov. Jindal is proposing
makes all the sense in the world to me. For one thing we'd ALL have "skin
in the game" everyone pays something. When you have 47% of the people that
don't pay taxes government spending just doesn't hit home for many, and they
seem to not see the dangers of out of control government debt. Anyway it's nice
to see someone out there in government trying something new and if it works for
Louisiana why not have it work for all of us?
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