If Elected….

My wife thinks I am nuts but I have a new proposal on state income tax rates. Since leaving Florida (at least as a resident) I am amazed at how high state taxes are. My new home state takes a chunck each month and I thought about that on my drive home one afternoon. It must have been the surroundings, or maybe the car was too warm , but I came up with an idea. Since the federal governemnt sees itself as primary in the nation they should have first shot at my hard earned dollars.
Let’s say I make $100,000 a year. Don’t get excited, it’s just an easy number to do the math with. Bottom line, end of the year tax is, let’s say, $10,000. Social security and medicare another $10,000. Forget all the little taxes we constantly pay and concentrate on the stae income tax. What amount do they tax you on? Of course $100,000. Why? I don’t even have a choice in seeing the $20,000 the feds take. Why not enact a law that says that states, that have income taxes, can only tax income AFTER federal income tax, social security and medicare are deducted? Seems fair to me.
My other propsal has to do with sin taxes. You know tobacco taxes and taxes levied on alcohol( and eventually soda). Why isn’t there a tax on porn? It seems to be a big money maker on the internet, and what makes a smoke more of a sin than my old friend Jenna doing it online?
How much more robust would the economy be if we dropped the oppresive taxes levied on our citizens? Basically, taxes are just another way to redistribute the wealth. I don’t mind helping the truly needy, or deserving, but it is getting a bit silly.



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5 Responses to “If Elected….”

  1. GravatarMarch 5th, 2008 at 3:51 pm
    William Teach says:

    If you are still in NC, Larry, remember, the state legislature needs money for their Mercedes’.



  2. GravatarMarch 5th, 2008 at 6:42 pm
    Beth says:

    Bottom line, end of the year tax is, let’s say, $10,000.

    On $100K? I’d vote for you for President! Flat tax FTW!

    North Carolina doesn’t deduct federal income tax paid from your state taxable income?

    Anyway, I feel your pain. I got a rude awakening when I got out of the military in Virginia, and back then, we had the dreadful personal property tax on top of it. (Thank you, Jim Gilmore, for getting rid of that atrocity!)

    You know tobacco taxes and taxes levied on alcohol( and eventually soda). Why isn’t there a tax on porn?

    Totally agree.



  3. GravatarMarch 5th, 2008 at 6:44 pm
    Beth says:

    Oh, and for the record, for anyone who happens upon that comment–I don’t make anything even close to $100K. Much closer to $10K, in fact.

    Still…flat tax FTW!



  4. GravatarMarch 5th, 2008 at 6:45 pm
    Beth says:

    Ugh. The Google ads are all about tax time. BLAH!



  5. GravatarMarch 6th, 2008 at 6:02 am
    Larry says:

    I live in SC now. We have personal property tax here from what I understand. I have also paid state income tax for the first time in 31 years. Yuck…



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