Free Republic

... Democrats in Sacramento are proposing to raise the state’s already punitive 13.3% top income tax rate to 16.8%—retroactive to January of this year. Now’s a good time for California high-earners to take their money and run. The Assembly bill would raise the top rate to 14.3% for households making more than $1 million, 16.3% on income above $2 million and 16.8% above $5 million. The combined federal-California top marginal tax rate would rise to 53.8% on wage income and 40.6% on capital gains. Another Assembly bill would apply a 0.4% wealth tax on assets over $30 million. It’s hard...

Health care workers that came to New York to help fight the coronavirus pandemic at its epicenter will have to pay state taxes, according to the governor. He addressed the issues Tuesday at a news conference. “We’re not in a position to provide any subsidies right now because we have a $13 billion deficit,” Gov. Andrew Cuomo said. “So there’s a lot of good things I’d like to do, and if we get federal funding, we can do, but it would be irresponsible for me to sit here looking at a $13 billion deficit and say I’m gonna spend more...

Is it better to live in a state with no income tax? It’s a great question considering we already have to set aside a portion of our paychecks for the federal government. The case for removing an individual income tax typically goes like this: states that don’t dip directly into their residents’ pay become beacons for growth. They’re better at creating jobs and keeping a core of young, educated workers from moving to other states. The American Legislative Exchange Council reports that over the past decade the nine states without a personal income tax have consistently outperformed – on GDP...

Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax revenue — becomes concentrated in the hands of a few. Last month, during a routine review of New Jersey’s finances, one could sense the alarm. The state’s wealthiest resident had reportedly “shifted his personal and business domicile to another state,” Frank W. Haines III, New Jersey’s legislative budget and finance officer, told a State Senate committee. If the news were true, New...

Public policy matters to economic performance. Economic theory and data have established this link clearly. Most notably, limited government, free market policies that unlock the creative potential entrepreneurs and small business matter deeply to state economic health. Rich States, Poor States, released today and now in its 8th year, compares the 50 states public policy climate to see which states are most poised for growth. Utah again earns the top spot for states with the best economic outlook, followed by North Dakota, Indiana, North Carolina and Arizona, according to the newest edition of Rich States, Poor States. New York comes...

... Personal income tax collections plunged last month from a year earlier in 27 of 32 states for which Reuters was able to collect data. That's most of the 43 states that levy income taxes, and drops were as high as 50 percent. While many states predicted tough times this year, a handful including New Jersey and Pennsylvania is set to face hard decisions on either cutting spending or raising taxes. By the end of last year, 26 states had still not seen overall tax revenue return to pre-recession levels, according to recent data from Pew Charitable Trusts.

Consider sharing with your Facebook friends. Taxes Are Too Damn High! April 23, 2014 by Free The Future Taxes collected this year hit a new all-time record! This means that Americans pay more in taxes than food, housing, and clothing combined! Lower taxes means you get to keep more of your hard-earned money. Lower taxes mean the economy can grow. Lower taxes are better for everyone. Sign the petition if you agree “Taxes Are Too Damn High!” Click on the bottom of each page to link through to the following page up until you get to the Facebook sign...

Conservative radio host Rush Limbaugh on Wednesday took a shot at the mainstream media and even some conservative outlets for underreporting on the success of Gov. Scott Walker (R) in Wisconsin. Limbaugh cited an Associated Press report run Wednesday on page A14 of the New York Times about the Wisconsin Assembly passing Walker’s $504 million tax-cut plan. As previously reported by TheBlaze, Walker intends to use part of Wisconsin’s projected $977 million surplus to pay for property and income tax cuts.

Louisiana Governor Bobby Jindal, Nebraska Governor Dave Heineman, and Kansas Governor Sam Brownback have all called for their states to eliminate their income tax and replace it with a sales tax over the past week. They were joined yesterday morning by North Carolina, where the Senate President Pro Tempore, Phil Berger, confirmed the legislature and the Governor, Pat McCrory, would pursue serious tax reform this session. Indeed, a senate proposal being crafted into legislation includes a repeal of North Carolina’s personal and corporate income taxes along with an expanded sales tax. If North Carolina, Louisiana, and Nebraska are successful in...

Thanks, California! Thanks for your monstrous spending and absurd regulatory overreach! America needs you. We need Connecticut and Illinois, too! We need you the way we needed the Soviet Union, as models of failure, to warn us what happens if we believe those who say, "Government can." Moving to California was once the dream for many Americans. Its population grew at almost triple the national average -- until 1990. Then big government, in the form of endless regulation and taxes, killed much of the dream. In the last decade, 2 million people left California. Many of them moved to Alaska,...

-snip Capping more than nine hours of politically supercharged debate at the Capitol, the dramatic 73-72 vote approved a scaled-down version of tax shifts House members had passed earlier this year. House members approved it with hopes of doing in the next couple of weeks what they couldn't during the spring session: Finding common ground with the Senate to overhaul the way the state pays for its schools. -snip-

Are you in favor of enacting a state income tax? Yes No I don't know enough about the subject.

Legislator proposes state income tax Says plan is a fair way to fund schools EL PASO -- The only fair way to reform school financing is to create a state income tax, lower property taxes and write an ironclad law that ensures the money is spent on education, a senator told a Texas House caucus on Thursday. However, Sen. Eliot Shapleigh, D-El Paso, who spoke at a Mexican American Legislative Caucus hearing in El Paso, said he didn't believe the current method of financing, called "Robin Hood," is broken. The Texas Legislature is expected to be called to a special...

<p>The ''no-new-taxes'' budget appeared to be the least popular budget proposal among several lobbyists who represent some of the state's largest public and private interest groups swirling around Capitol Hill yesterday.</p> <p>Six days before a balanced budget must be passed, none of the three tax measures on the table has enough backing for a consensus among lobbyists.</p>

Beware, Texas Freepers, they are setting us up to force a state income tax on Texans! Yesterday, in the Houston Chronicle there was an article about how high our property taxes have become. The article featured 2 families who are having to make real financial sacrifices in order to pay their burgeoning property tax bills. I realized at the time that this article was not going to lead to the logical step of reducing spending, but was to help prepare us for what liberals want for out state - a state income tax. What I didn't realize was how soon...