What a wonderful idea - letting the people of Massachusetts vote next year on whether to abolish the state’s 5.3 percent income tax.It's great to see the people exercise their will. I suppose the people in Massachusettes are tired of their taxes. They most certainly want to keep more of their own money.
The question is going to be on the ballot, that’s almost certain.
And what a blow abolishing the income tax would deal to the hackerama. It would have the effect of cutting the bloated state budget from the $28 billion it will be next fiscal year back to $17 billion, which it was in 1995.
Eleven billion less in their pockets, $11 billion more in ours.
You say it can’t be done? Well, in 2002, when the same question was on the ballot, the underfunded working people still managed to get 45 percent of the vote.
Here’s what’s in it for you. If you have a real job making $50,000 a year and the state income tax is abolished, you have just given yourself a pay raise of $2,650 a year. About $50 extra a week.
Can’t be done? Well, they get along without an income tax in New Hampshire, Texas and Florida, none of which is exactly the economic basket case that we are.
Sunday, December 02, 2007
Taxachusettes to vote on abolishing income taxes
Taxachusettes being Massachusettes one of the most liberal states in this country may be allowed to vote on abolishing their income taxes. I got this link thru Instapundit...