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What you're missing is that the "March to Zero" plan included implementing the things you're talking about. It did not have the effects you claim it would have.
by ubernostrum 9y ago
What you're missing is that the "March to Zero" plan included implementing the things you're talking about. It did not have the effects you claim it would have. Your theories of why your proposals would be good have been empirically discredited.
One big example: the elimination of taxes on business income did not suddenly result in much more efficient taxation, scrupulous payment of what was owed, and a boom in investment and expansion of businesses. It resulted in everybody and their brother scrambling to reclassify their personal income as the right kind of business income, in order to pay less tax. Revenue fell off a cliff and the state's deficit projections soared.
- philwelch 9y agoI'm claiming that corporations hold cash offshore to avoid paying federal corporate taxes. Kansas is categorically incapable of doing anything to solve that problem, so I don't see how your Kansas example is in any way relevant, unless there was an epidemic of Kansas businesses keeping stockpiles of cash in Nebraska for the purpose of avoiding state taxes.
- deleted 9y ago[deleted]