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  • States Without Personal Income Tax Experience Slower Growth

     See... taxes CAN be good.

    States Without Personal Income Tax Experience Slower Growth

     

    Small-government advocates often claim that high taxes hold the economy back. But a new report finds that states without a personal income tax have experienced slower economic growth than states with high income tax rates.

    The report, from the Institute on Taxation and Economic Policy, found that between 2002 and 2011, the economies of the nine U.S. states without a personal income tax grew 37 percent less quickly per capita than states with high income taxes. Check out the chart below:

     

    chart

    That may be inconvenient news for several Republican governors, who have recently proposed cutting or eliminating the personal income tax in their states. Louisiana and North Carolina have proposed ending their state's income taxes, and Oklahoma and Kansasare considering cutting theirs.

    Louisiana Gov. Bobby Jindal (R) said in January that abolishing the state income tax would "make Louisiana more attractive to companies who want to invest here and create jobs." And Republican leaders, from House Speaker John Boehner to Senate Minority Leader Mitch McConnell, have claimed that raising income tax rates would hurt the economy.

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  • #2

    I was just about to post this, you beat me to it.

    Lowering taxes to attract businesses who hire non-union workers and increasingly look for ways to lower labor cost helps private companies make more money, but ends up creating a **************** hole.

    Free Pussy Riot!.

    Comment


    • thankyou
      thankyou commented
      Editing a comment

      I'm sure ned will correct everything that you have said.


  • #3
    Based on that chart, I don't see that big of a difference.

    And regardless of the chart, what a person earns shouldnt be taxed anyway. There are other ways for the government to get the funds it needs besides a direct tax on earnings.

    Comment


    • thankyou
      thankyou commented
      Editing a comment

      mauser wrote:
      Based on that chart, I don't see that big of a difference.

      And regardless of the chart, what a person earns shouldnt be taxed anyway. There are other ways for the government to get the funds it needs besides a direct tax on earnings.

      True, that.  We can always demand the money that, per Dick Cheney, Iraq owes us for their glorious liberation.


    • Minning Around
      Minning Around commented
      Editing a comment

      mauser wrote:
      And regardless of the chart, what a person earns shouldnt be taxed anyway. There are other ways for the government to get the funds it needs besides a direct tax on earnings.

      Bravo. You FINALLY said one thing I agree with. Taxing income is a disincentive to work. Why the hell are we telling people not to work?
      Indeed, there are other ways to fund our nation.


  • #4

    moonlightin wrote:

     See... taxes CAN be good.

    States Without Personal Income Tax Experience Slower Growth

     

    Small-government advocates often claim that high taxes hold the economy back. But a new report finds that states without a personal income tax have experienced slower economic growth than states with high income tax rates.


    chart

    That may be inconvenient news for several Republican governors, who have recently proposed cutting or eliminating the personal income tax in their states. Louisiana and North Carolina have proposed ending their state's income taxes, and Oklahoma and Kansasare considering cutting theirs.


    I wonder if you mean states like the Democrat controlled Nevada?

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    Comment


    • #5
      Disembowler and notgonnadoit are on the right track. The article was written for simpletons like the OP.

      Comment


      • moonlightin
        moonlightin commented
        Editing a comment

        prolurkerguy wrote:
        Disembowler and notgonnadoit are on the right track. The article was written for simpletons like the OP.

        It's an article. Make the case for or against it or stfu and get over yourself.


    • #6

      moonlightin wrote:

       See... taxes CAN be good.

      States Without Personal Income Tax Experience Slower Growth

       

      Small-government advocates often claim that high taxes hold the economy back. But a new report finds that states without a personal income tax have experienced slower economic growth than states with high income tax rates.

      The report, from the Institute on Taxation and Economic Policy, found that between 2002 and 2011, the economies of the nine U.S. states without a personal income tax grew 37 percent less quickly per capita than states with high income taxes. Check out the chart below:

       

      chart

      That may be inconvenient news for several Republican governors, who have recently proposed cutting or eliminating the personal income tax in their states. Louisiana and North Carolina have proposed ending their state's income taxes, and Oklahoma and Kansasare considering cutting theirs.

      Louisiana Gov. Bobby Jindal (R) said in January that abolishing the state income tax would "make Louisiana more attractive to companies who want to invest here and create jobs." And Republican leaders, from House Speaker John Boehner to Senate Minority Leader Mitch McConnell, have claimed that raising income tax rates would hurt the economy.


      ****************ing socialist-lets take peoples money so the state can grow.

       

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