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FROM THE EDITOR: We will be on a lesser schedule for posts through Friday. Travel commitments for your editor. Thank you for your continued support.

Wednesday, January 16, 2013

No State Income Tax movement grows: Louisiana and Nebraska could make it 10 and 11

Republican Guvs in both states propose the move

From Reuters, "Nebraska governor is latest to propose ending state income tax":
Heineman said that if a complete elimination of the two taxes could not be passed, he would push to lower rates on both individuals and corporations. He promised to make up the lost revenue by reducing business exemptions to the sales tax.

Last week, Louisiana Governor Bobby Jindal said he wanted to eliminate all personal and corporate income taxes in his state. Louisiana's personal income tax rate is 3.9 percent.
Continuing:
Texas, Florida, Washington, Alaska, Nevada, South Dakota and Wyoming -- do not tax individual income, according to the Tax Foundation.

Two others -- New Hampshire and Tennessee -- do not tax the earned income of individuals, but do tax interest and dividend income.
Editor's comment - Let's hope this movement goes nationwide, including abolishing the Federal income tax.

3 comments:

Erich Domdero said...
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Erich Domdero said...
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Erich Domdero said...
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