Posted on 03/24/2025 7:30:35 AM PDT by delta7
Good news for the people of Mississippi—lawmakers have finally removed the state income tax. Mississippi is now joins Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Washington, Texas, and Wyoming in eliminating this excessive and predatory taxation practice.
The first income tax was created in 1861 during the Civil War as a mechanism to finance the war effort. In addition, Congress passed the Internal Revenue Act in 1862, which created the Bureau of Internal Revenue, an eventual predecessor to the IRS. The Bureau of Internal Revenue placed excise taxes on everything from tobacco to jewelry. However, the income tax did not last and was not renewed in 1872. In the Springer v. United States 102 US 586 (1881), the Supreme Court upheld the income tax.
The origin of the current income tax on individuals is generally cited as the passage of the 16th Amendment, passed by Congress on July 2, 1909, and ratified February 3, 1913. It was on June 16, 1909, President William Howard Taft, in an address to the Sixty-first Congress, proposed a two percent federal income tax on corporations by way of an excise tax and a constitutional amendment to allow the previously enacted income tax.
Once this Marxist concept of direct taxation was created, then the government must know everything we do, track us for it assumes we all cheat and lie, and in the process, it is hunting money globally to the point that world economic growth has been declining.
Those against Mississippi eliminating the income tax are proponents of big government. They are concerned that the lost revenue will hurt the public sector and low-income residents will be disproportionately burdened as other taxes are likely to rise. Yet, eliminating the income tax will directly lead to Mississippians receiving a larger take-home pay. Businesses, especially small businesses, end up taking on this tax as is passed through from entities to the individual owner who is unable reinvest those funds into his or her company. Businesses will now have the ability to become more competitive and attract a more desirable workforce.
The state has until 2037 to determine how to manage its budget without robbing its citizens and punishing workers. Income tax will fall from 4% to 3% in 2027 and then will see a 0.3% reduction until it is eliminated entirely.
Income tax is a relic of failed economic policies that governments refuse to abandon because it gives them direct control over the wealth of the people. When you tax income, you reduce incentives to work, invest, and innovate.
Governments use the tax as a reason to continue perpetual spending that always leads to deficits. States do not need this tax to function. States need to operate within their means to function without punishing the people for fiscal mismanagement.
When I lived in South Dakota, there was a state sales tax on everything including food with some cities being allowed to tack on a municipal sales tax. Property tax was not excessive and car licenses also reasonable. Sadly I moved to the Peoples Republic of Minnesota with a high income tax, ridiculous car license fees, rising property taxes and a tax on beer wine and alcohol of over 10%. While Minnesota boasts of no sales tax on food and clothing, everything else is taxed. Minnesota which used to be called the land of 10,000 lakes has become the land of 10,000 taxes. Of course thanks to our knucklehead Governor, Tim Walz, our taxes also pay for free tampons in men’s rooms.
Why does it not surprise me that The Gaytor is a Bitcoiner?
Please reveal that screen name. I will then go over to that site, which I have never been to, and give that person a copy of your lying post.
“Police funding is a hard one. Got to have them.”
Insurance companies could offer policing and imprisonment services.
“I big help would be no property owner older than 65 has to pay property taxes on their primary residence. That would help a lot.”
I live in Sarasota County, FL and I am below $36,500 in household income so I got an exemption.
It has to be applied for before March 10th just like other homestead exemptions I believe.
Renters pay property taxes; when property tax on the rental rises, the landlord raises the rents to cover the additional expense.
“which disincentivize work”
You do the work the boss requests, or else.
Or bake sales.
Despite his background, Armstrong often offers up interesting info.
I’ve watched Walter Cronkite and bought the NY Times and Washington Post.
See post 14
Many neighborhoods pay for private patrols including Port Royal in Naples, Florida and Guilford in Baltimore, Maryland.
Pingout to this article
“Despite his background, Armstrong often offers up interesting info.”
Like this?
‘-————
41: Lenin wanted a republican government like the US
42: The US will break up into at least three new countries
https://youtu.be/uMAK8XNt_Zk?feature=shared
No retired property owners should be forced to liquidate or be foreclosed upon because of rising property taxes, on that we can agree.
But your suggestion masks a problem and pushes the burden down to the younger generations who are already struggling to find their own American dream. I think the real answer is in County governments learning to live on a budget without excess. Too many libraries and new public schools perhaps? To many unnecessary ‘services’? Some services are vital (Sheriffs dept, Fire, Emergency services) but others may need a DOGE treatment.
“Despite his background, Armstrong often offers up interesting info.”
Armstrong is a convicted scammer and liar. He has not mended his ways. Just moved onto new territory.
When he finds a fertile field he plows it over and over planting seeds of information, much that is false, hoping it will sprout new suckers willing to send money for his worthless advice.
Whew. I know a bunch of folks who will have new boats/motorcycles in their driveways soon!
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