Posted on 12/18/2013 4:48:17 PM PST by Libloather
Wisconsin Gov. Scott Walker (R) said earlier this week that his administration will consider ending the personal income tax as part of a major review of the state’s tax structure.
In comments first reported by WisPolitics.com, Walker told reporters at a stop in Pembine that some states without personal income taxes are in better economic shape and are better equipped to compete for jobs.
“There are many states that do very well, better than most states in the country, that have no income taxes,” Walker said, according to WisPolitics. “That’s one thing for us to look at. Is that feasible? What would that mean in terms of an economic boost? That’s not only for individuals, but small businesses in this state.”
(Excerpt) Read more at washingtonpost.com ...
I read where he said either income or property taxes should end...I support ending property taxes (which went up 14% this year, making my wife so mad she wants to run for a school board seat)
This is a no-brainer and Midwest states should be doing this to compete with the Southern states and TX.
Our side will never win this fight at the ballot box. Cloward/Priven is a conservatives best hope at this point.
Do it, and watch businesses grow. Of course, the state may just tread water because of the effects of the Obamacare.
yeah!
so many reasons to scrap the income tax!
Gov Scott lowered taxes here in Florida and the money collected went up to the point they are lowering them even more.
ROVE will kill this proposal...
Thankfully my property taxes in Mississippi went to zero after turning 65.
State income tax revenues experience wild swings as the state economy cycles up and down. But sales taxes are more robust because at some level consumers need to pay for the basics and essentials of living which make up the bulk of purchasing.
In an economic downturn, consumers will forego the new home, the new car, the planned vacation or the new flashy set of outdoor Christmas lights. But these things don’t add up to much as a percentage of gross purchases compared to the amounts spent for essentials. So states with sales taxes but without income taxes see smaller swings in revenue.
The Federal government could do exactly the same by passing the FairTax legislation which has a built-in tax cut in the manner of a tax rebate which effectively voids federal taxation for all Americans up to the level of purchases for the necessities of living, the essentials.
The FairTax legislation gets rid of the federal income tax and the IRS while putting tax collection into the hands of the states and making enforcement much easier. The legislation does not tax exports so that American products sold overseas become immediately more competitive in price thereby bring jobs back to American soil. The FairTax boosts GDP by 10% in its first year.
Either one or both, but ending property taxes on personal homes would be fairer, actually.
The Homestead Exemption for personal homes used to be common. I don't know about Wisconsin, but in some states it is still substantial - Florida I believe.
Your home should not be at risk just because you lose a job, or have a bad income year.
States that have no income tax typically have to make it up in property taxes. Washington state is a good example. Without a Homestead Exemption, that typically makes the family tax situation worse.
Excise taxes, fiscal restraint, and property taxes only on productive property are the best way to fund the (smallest) government necessary.
I love the idea but am skeptical of our seeing any follow through. Once they get in office uniparty politicians find that they love taxes and are loathe to see any go away.
That sounds like a wonderful law, my rep will be hearing about that. Thanks.
He just moved up a few spots on my presidential candidate list.
Scott Walker for President!
While ending the income tax is good, ending a different tax could be groundbreaking.
That is, under very limited circumstances, they should eliminate the property and inheritance tax.
First of all, it would have to be the primary dwelling, and people would have to live there 6 months plus one day each year to qualify. It would have limits as to how large the home could be, and how much of a lot it could have, and how many other buildings there were on the property.
None of it could be rented or leased to others. And if it was exempt from property taxes, it was also exempt from inheritance taxes.
If someone owned more than the maximum sized house, or it was on a larger than acceptable lot, or other variances of the criteria, they would have to pay the taxes just on that or those extra parts.
Finally, like the state of Florida, people could not lose their primary dwelling to bankruptcy.
Dumb. Other forms of taxation are less fair and he knows it.
There’s no such thing as a “fair” tax. IMO, income taxes are the most abhorrent of all. Morally, the State should have no claim whatsoever upon the fruits of one’s labor or intellect. By definition, an income tax rate of 100% is slavery.
I had applied for Homestead exemption Many years ago. Having Homestead exemption is a requirement for the zero property tax when a person turns 65 in Ms. No more County, School or City taxes. I did have to go to the local Tax assessor’s office and sign paperwork attesting to my age (Driver Lic. as proof) and that my home and property was where I actually lived full time.
Scott Walker is quietly impressive.
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