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.