GlobalMind
Domino Dude, POWER Systems Guy
Premium
join:2001-10-29
Hollywood, FL
| reply to ronpin
Re: This is what massive Federal tax cuts will get you
Not really.
The Federal tax cuts don't have much impact on this as far as I see it.
The real issue is the fact that in this lovely state, the old timers managed to get the "no state income tax" law put into the state constitution.
So, they have to find the cash to run the state somehow...and this is just the latest target.
K.
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2farfromCO7
join:2000-10-14
Farmington, MI
| Re: This is what massive Federal tax cuts will get
Of course Florida doesn't have a state income tax. If they relied on a state income tax for revenue, they'd go bankrupt. That's why they have a state investment tax. That way they can tax the entire senior population. A state income tax doesn't make sense in Florida. |
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GlobalMind
Domino Dude, POWER Systems Guy
Premium
join:2001-10-29
Hollywood, FL
| Sure it does.
There are umpteen thousand folks who move here every day. The only caveat is that in many cases you can't get their income declared...i.e. not legal, cash payments etc. However, there are plenty of folks working here to give substantial income to the state even at a low rate of tax.
It isn't that there is not a state income tax because it doesn't make sense, there isn't one because it has been legislated out of existence.
The crux of my point is that I would much rather get hit once than all of this nickel & dime crap that we're subject to. It's pathetic. There is too much passing of the buck simply because agency X doesn't have the cash to handle issue Y.
(edit: Let me be clear - I wish to keep as much of my $$ as possible, and frankly on the federal side I am amazed at just how damn much tax I have to pay. Having no state tax can be a really cool thing, but you have to manage the lack of that income accordingly. Something that simply has not been done here. Barring the "tax me for looking at the sun" philosophy, I don't see how any of them can bitch and complain that there isn't any $$ to get the job done, when they've killed off the state tax option...and continue to spend like they have all of that cash available.)
K.
[text was edited by author 2003-08-26 13:11:29] |
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