Interesting development. Looks like the grassroots efforts are beginning to pay off.
Now if only our federal government would take the example. People say it won’t work but Texas, Florida and Tennessee all use this principle and it seems to work. Guess those of us who believe in the fair tax are just short sighted. {sarc.}
For years I have paid AZ income tax. In doing so, I was unable to use that money to put away for my retirement. Now, I am retired and have virtually NO income tax and they bump the sales tax. Poooop!
I don’t know... with our state income tax rates currently between 2.5% and 4.5%, and with more deductions than the feds allow, I’m not sure we’ll be better off. Meanwhile, everything will cost more. Would love to see some numbers on this.
This isn’t a sales tax- it’s a VAT. The only state that has anything approaching the VAT is Michigan. I wonder how that’s working out for them....
If your job or business/livelihood is in any way dependent on snow birds, tourism or retirees you can kiss it goodbye if this passes.
Senator McCain would vote against this.
Taxing wholesale business sales is ridiculous. This would be a major ding to Arizona Businesses trying to compete with out of state comapnies and would add significantly to the cost of products. - Imaagine the government stealing their 5% at every level of the suppply chain, raw materials - rough manufacture- finish manufacture, wholesaler, retailer. Insane.
Let me get my house sold first!