Nobody likes taxes but how is MS going to support itself if income tax is eliminated? What is the plan, higher property tax? More tax on companies really does not work, if anything it could cost jobs. I am for more state income tax and less Federal income tax and reliance on handouts from DC. I have not worked out the numbers but maybe something like this; a flat 3% for any household income under $100K, 5% upto $400K and then 10% above $400K. Despite being a "welfare state" I believe there are many wealthier people that would not be effected by a 10% state income tax. Also, I do not believe in SALT, where state income tax is deductible from the amount somebody pays in Federal income tax.
You've put a good bit of thought into this! It's not clear how they would offset the costs of eliminating income tax. A lot has been made about the state having a budget surplus but that's a temporary situation and a lot of it is the result of federal funding that is now in doubt. Mostly likely it will require cutting services, especially social safety nets.
Nobody likes taxes but how is MS going to support itself if income tax is eliminated? What is the plan, higher property tax? More tax on companies really does not work, if anything it could cost jobs. I am for more state income tax and less Federal income tax and reliance on handouts from DC. I have not worked out the numbers but maybe something like this; a flat 3% for any household income under $100K, 5% upto $400K and then 10% above $400K. Despite being a "welfare state" I believe there are many wealthier people that would not be effected by a 10% state income tax. Also, I do not believe in SALT, where state income tax is deductible from the amount somebody pays in Federal income tax.
You've put a good bit of thought into this! It's not clear how they would offset the costs of eliminating income tax. A lot has been made about the state having a budget surplus but that's a temporary situation and a lot of it is the result of federal funding that is now in doubt. Mostly likely it will require cutting services, especially social safety nets.