tag:blogger.com,1999:blog-2447438783001404385.post206791072851140135..comments2024-03-28T11:46:32.430-05:00Comments on Jackson Jambalaya: House votes to eliminate income taxKingfishhttp://www.blogger.com/profile/06184990110961727404noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-2447438783001404385.post-81263506025304685582015-02-27T18:39:30.450-06:002015-02-27T18:39:30.450-06:00Miss leading headline. Maybe a tax cut but......
...Miss leading headline. Maybe a tax cut but......<br /><br />Heard the speaker on Gallo and he said he didnt speak to any economist or the Dept of Revenue. Thats the typical politican who passes a bill without obtaining facts or information and he went on Gallo to crow about it. Thats three strikes right there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-27700427411202371352015-02-27T15:11:13.202-06:002015-02-27T15:11:13.202-06:00Why can't we all believe in puppy dogs and rai...Why can't we all believe in puppy dogs and rainbow's and have an across the board tax for everyone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-84653336422116970782015-02-27T13:08:05.469-06:002015-02-27T13:08:05.469-06:00That benefits the rich first. They aren't goi...That benefits the rich first. They aren't going to do that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-57150831269587693602015-02-27T12:24:43.518-06:002015-02-27T12:24:43.518-06:00I am not an economist, but aren't they phasing...I am not an economist, but aren't they phasing it out backward? You would think that they would start by phasing out the the 5% on $10,000 and step it down from there, that way each year the tax revenue gets smaller and they can make budget adjustments until the final phase out. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-17600468505467214982015-02-27T10:45:47.234-06:002015-02-27T10:45:47.234-06:00@1:59--Wouldn't Hinds County imploding help th...@1:59--Wouldn't Hinds County imploding help the rest of the state? Food for thought....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-31972150530143017982015-02-26T21:42:43.743-06:002015-02-26T21:42:43.743-06:00Can't wait to see what Mississippi's bond ...Can't wait to see what Mississippi's bond rating will<br />be if this ever passes. What a waste of time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-42789582388328627562015-02-26T20:53:52.263-06:002015-02-26T20:53:52.263-06:00"State income tax is NOT deductible from Fede..."State income tax is NOT deductible from Federal, 5:14"<br /><br />It used to be - when the the fed rules change?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-60062001686333319262015-02-26T18:35:32.083-06:002015-02-26T18:35:32.083-06:00Of course , the House didn't consult with any ...Of course , the House didn't consult with any economists or make any comparisons in our economy with that of other states.<br /><br />That would have required some common sense which has become uncommon in the halls of our legislature.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-23487048390386222042015-02-26T17:41:46.689-06:002015-02-26T17:41:46.689-06:00Here our politicians go again, trying to out redne...Here our politicians go again, trying to out redneck each other. See Tate's announcement. There is a reason we are last.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-44805119061561795702015-02-26T17:14:46.823-06:002015-02-26T17:14:46.823-06:00No one has mentioned that state income tax is DEDU...No one has mentioned that state income tax is DEDUCTABLE from federal taxes. Uncle Sugar is paying 33% or the taxes now, all along the way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-11357624590458651752015-02-26T16:03:42.572-06:002015-02-26T16:03:42.572-06:003:08, don't try to confuse us with your ration...3:08, don't try to confuse us with your rational arguments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-42366327906215352712015-02-26T16:02:50.305-06:002015-02-26T16:02:50.305-06:00Just shows how many gullible people are on both en...Just shows how many gullible people are on both ends of the spectrum that you think it is worth debating because it will never happen. This is just one ups-manship between GOP leaders so that they can brag about what they proposed. Look for a watered-down compromise tax cut that might buy you a cup of coffee in the end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-70093099177997897542015-02-26T15:49:16.524-06:002015-02-26T15:49:16.524-06:00Be careful what you wish for. Moved to Texas 5 ye...Be careful what you wish for. Moved to Texas 5 years ago. Yea no state income tax. But wait.... my property tax on my Texas home (granted it is a bit more expensive home) is 6 times what it was in Miss. It will be especially punitive on retired and elderly (if you aren't there yet you will be) Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-51762413080439854692015-02-26T15:48:13.344-06:002015-02-26T15:48:13.344-06:00Y'all are confusing me. Ima wait and hear what...Y'all are confusing me. Ima wait and hear what Ben Allen has to say about this here. Confused Cletusnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-33649755428801481392015-02-26T15:08:58.380-06:002015-02-26T15:08:58.380-06:001. Where in the world you imagined that the priva...1. Where in the world you imagined that the private sector is shrinking is beyond me. Government size in the last 50 years has remained fairly consistent as a percentage of GDP.<br /><br />2. And it is an extreme fallacy to simply state that a government contract or employee is tax neutral. If a contract results in a private business being able to afford improvements in either their infrastructure or workforce, they may ultimately be more effective in a purely private scenario. Just writing off every government contract as "tax neutral" is moronic.<br /><br />3. Finally, poverty stricken families are not the only recipient of government dollars. There are so many instances, where the only effective solution is through government manpower. Let me know when a private corporation is willing to pay for not only an airline (which they can't seem to run without government intervention), but also the airport, the air traffic controllers, proper coordination of flights with other airports, etc.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-40394693618424579832015-02-26T15:05:17.887-06:002015-02-26T15:05:17.887-06:005% State Income Tax PLUS
7% State Sales Tax PLUS
C...5% State Income Tax PLUS<br />7% State Sales Tax PLUS<br />County/City Property Taxes<br />and that just within the State level doesn't count the Federal income tax - 28% PLUS all the fees I pay for cell phone, TV, etc. that are hidden taxes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-84686497181867246732015-02-26T14:58:40.678-06:002015-02-26T14:58:40.678-06:00@ 2:26 - This has nothing to do with entitlement p...@ 2:26 - This has nothing to do with entitlement programs. If you take away income tax, it doesn't matter to people without income. Those same people don't pay property taxes, so those they do must make up for the shortfall. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-5040945058534778852015-02-26T14:26:33.055-06:002015-02-26T14:26:33.055-06:00bunch of freaking idiots in this thread.
please, ...bunch of freaking idiots in this thread.<br /><br />please, go read how we got to where we are. don't read someone's opinion, go read facts for yourself. <br /><br />first thing, go add up what percentage of your income is taken in the form of taxes, fees, permits, etc that goes to one government entity or the other.<br /><br />you can not continue taxing the shrinking private sector while growing the public sector. common sense is that those who receive their income through government operations, whether through contract or employment are revenue neutral, for taxing purposes. They do not pay taxes. Money is removed from their stated income in the form of taxation, but they are not paying taxes. They are not contributing to the net tax.<br /><br />it's time to start removing the tit from the suckling public. and no, I do not mean just dump every poverty stricken family into the dark. there are billions of dollars that go toward non-essential government operations or provide for the safety and security of it's citizens.<br /><br />anyone that scoffs at the idea of removing taxes and shrinking government are neither conservative nor liberal. They are simply progressives that label themselves with a party label. A Republican that snickers at eliminating taxes is no Republican. He's simply the new version of an old problem.<br /><br />The rich get richer and the poor gets poorer, and those in the middle continue to disappear.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-8989976604857182372015-02-26T14:12:58.730-06:002015-02-26T14:12:58.730-06:00"Get out of here @1:35, and take your logic, ..."Get out of here @1:35, and take your logic, math, and caution with you! You're messing up our pandering!"<br /><br />- 83 Members of the House.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-24333849323032604852015-02-26T13:59:09.018-06:002015-02-26T13:59:09.018-06:00@ 12:45 - Hinds County would implode without that ...@ 12:45 - Hinds County would implode without that revenue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-87884687524894696212015-02-26T13:58:46.129-06:002015-02-26T13:58:46.129-06:00Sweet Jesus, what are they thinking? We don't ...Sweet Jesus, what are they thinking? We don't have Florida's robust tourism industry or Texas' oil revenues to replace the loss of 1/3 of our dang revenues. What the hell is wrong with these idiots? Is this what election years does to us?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-44888322245363920692015-02-26T13:54:54.190-06:002015-02-26T13:54:54.190-06:00Don't provide for a tax cut, give it to the Ci...Don't provide for a tax cut, give it to the City of Jackson to pay their cronies....I'm mean repair the infrastructure.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-24142167321470858712015-02-26T13:35:55.036-06:002015-02-26T13:35:55.036-06:00This is an incredibly bad idea. Take a couple wher...This is an incredibly bad idea. Take a couple where Spouse 1 makes $32,000 and Spouse 2 makes $68,000 for a total annual income of $100,000. Spouse 1’s income is 32% of household income – roughly the same percentage that income tax was of general fund revenue in 2013. Now, suppose that spouse 1’s salary increases 3% annually but spouse 1 plans to phase out working over the next 15 years and that spouse 2’s salary also increases 3% compounded each year. Under this arrangement, in 15 years household income increases to $105,942 or about 6% more than the current year. <br /><br />This means that if the income tax is eliminated over 15 years while all other taxes and fees increase 3% each year, government expenditures will increase less than .004% on average each year. This means schools, universities, public safety, health department, prisons, mental health, and all other government agencies are essentially frozen and given that Medicaid increases each year as medical costs go up, state agencies would likely experience massive cuts. If both spouses had continued to work and received 3% annual increases, household income would have been $155,797 in year 15. Economic multipliers will not make up for the gap in lost state revenue ($105,942 to $155,797 in the spouse example).<br /><br />Under this plan, state revenues will be severely impacted over the next 15 years and beyond even with a 3% increase in other taxes and fees. Schools, universities, and state agencies will experience unprecedented cuts. Those state employees “lucky” enough to survive the cuts would never get another pay raise. Imagine trying to recruit new employees to a situation like that. Schools would have to greatly increase property taxes to compensate for lost state revenue and would likely come up short. Teachers would never get another pay raise. Imagine trying to recruit new teachers to a situation like that. As much as people complain about state government and the schools, imagine what government and schools would be like after being devastated by this plan. This is an incredibly bad idea.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-23138676533218693552015-02-26T13:07:17.202-06:002015-02-26T13:07:17.202-06:00As a staunch republican, this is absolute insanity...As a staunch republican, this is absolute insanity. This blatant pandering to the uninformed electorate will be the state's undoing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-37510579098679117992015-02-26T13:01:48.196-06:002015-02-26T13:01:48.196-06:00I'm sure our GOP leadership has thought long a...I'm sure our GOP leadership has thought long and hard about the potential elimination of almost a 1/3 of the revenue our state takes in. I'm all for giving us our income taxes back--but not at the expense of higher property, vehicle tag, school, corporate, add whatever tax. Mississippi isn't a state with explosive business growth so I'm not seeing how it's even going to implement.Anonymousnoreply@blogger.com