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31%  
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  • KRONBERG: FOR THE IRS, ITS A PERSONAL INCOME TAX; BUT IN TEXAS THEY CALL IT A CORPORATE INCOME TAX

    03/13/2005 8:29:22 PM PST · by SwinneySwitch · 34 replies · 735+ views
    Quorum Report ^ | March 13, 2005 | Harvey Kronberg
    Buzz By Date Legislators brace for perilous record votes on Monday The committee substitute for House Bill 3 is a fascinating read and may work. But it also appears to have all types of political pitfalls other than the obvious one of cutting taxes on high income Texans while raising the taxes of the working and middle class. Talk radio around the state has been ripe with questions about why a payroll tax is not a backdoor income tax. I know. I was asked that question on four different radio programs last week. Of course, the answer is that the...