4 ms·
>pay 0 state income tax Do you see this as a good thing? How does your state fund itself?
by giarc 6y ago
>pay 0 state income tax
Do you see this as a good thing? How does your state fund itself?
- bagacrap 6y agoprobably sales and property taxes FWIW, broadly speaking, I'd rather see wealth taxes and estate taxes than income taxes. Income taxes disincentivize work, whereas wealth taxes penalize idleness.
- leveredequity 6y agoHow does income tax disincentivize work? You still generate positive income with a tax.
- jessaustin 6y agoWe get less of things that are taxed. That's why there are punitive taxes on liquor, cigarettes, etc.
- pyrrhotech 6y agoFlorida funds itself mostly through tourism taxes, however we also spend much less than CA overall. Just like different people spend different amounts of money, different states do too and need to tax less because of it. CA mostly spends money by paying cops, bart workers, toll booth collectors, etc 100-400k per year whereas Florida pays its government employees market wages.
- giarc 6y agoRelying on tourism tax is an "eggs all in one basket" problem, as I'm sure will be seen this year. Income tax is collecting income from a wide variety of sources (people with different jobs, even if the tourism industry is affected, others might not be).
- charrondev 6y agoNormally with a higher property tax and a lower budget (former NH resident here).
- maxharris 6y agoWhat if the cool new thing to do is to set up charitable organizations to voluntarily solve social problems? Example: https://massliberation.net/ https://massliberation.net/ The old model of ever-increasing taxes and regulations only furthers the interests of large businesses. They have the scale and reach to use those things as tools to prevent fair competition at the expense of everyone else.