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| Home Front: Politix |
| Nebraska governor is latest to propose ending state income tax |
| 2013-01-17 |
| [REUTERS] Nebraska Governor Dave Heineman on Tuesday became the second Republican governor in the last week to propose ending his state's income tax, saying he wants to make Nebraska more competitive with its neighbors by eliminating the tax on both individuals and corporations. Heineman said that if a complete elimination of the two taxes could not be passed, he would push to lower rates on both individuals and corporations. He promised to make up the lost revenue by reducing business exemptions to the sales tax. Last week, Louisiana Governor Bobby Jindal said he wanted to eliminate all personal and corporate income taxes in his state. Louisiana's personal income tax rate is 3.9 percent. Nebraska's personal income tax rate is 6.84 percent, higher than every one of its neighbors -- Iowa, Kansas, Missouri, Colorado and Wyoming -- according to a table accompanying Heineman's remarks. |
| Posted by:Fred |
| #4 The purpose of Earning IS spending. To have one without the other is pointless (and economically harmful). Taxing Unearned income via rent-seeking is negative harm. |
| Posted by: Bright Pebbles 2013-01-17 12:09 |
| #3 Are they the same, income tax hits earnings while sales tax hits spending. Moving from one to the other has to have some effect (working harder but spending less or something like that). |
| Posted by: Rjschwarz 2013-01-17 11:46 |
| #2 > He promised to make up the lost revenue by reducing business exemptions to the sales tax. DOH. Incomes taxes and sales taxes ARE THE SAME THING! |
| Posted by: Bright Pebbles 2013-01-17 09:20 |
| #1 US States must be confident that Mexico + Canada + Greenland will willingly give mucho $$$ to the USA vee future NAU Member-State contributions + ultimately NAU-level Member-specific appropriations, as unlike the Cold War where many n the Internat Community = World Govts-Nations wanted the US-n-only-the-US to take the lead + be principal??? PRAY HARD + KEEP YOUR FINGERS CROSSED, BECUZ AMERIKKA IS GONNA NEED IT. |
| Posted by: JosephMendiola 2013-01-17 00:56 |