Mon
Mar 1 2010
08:51 am
Tennessee Tax...Fair?
By: WhitesCreek

(link...)

My Take...

Submitted by Crappieman on March 1, 2010 - 4:58pm.

...TEA

Exactly

Submitted by WhitesCreek on March 1, 2010 - 6:41pm.

This would be a tax reduction for 80% of Tennesseans and remove the sales tax on food. What's not to love?

I Fail To See....

Submitted by Crappieman on March 1, 2010 - 9:58pm.

...How a Tennessee income tax schedule will benefit me now or in the future. Historical trends do not favor the assertion that gov can create new taxes yet decrease taxes in the short or long term. Our constitution was amended to create the IRS and now we are a nation in hopeless debt due to mismanagement of revenue. How much is enough? I admit my vast ignorance but my 40 years of life experience tells me gov will never obtain enough funding to balance its books. Its the nature of beauracracy. More tax dollars x gov accounting principles = more debt and diminished private sector. No thanks.

Our state revenue structure is seriously broken

Submitted by WhitesCreek on March 2, 2010 - 6:51am.

Tennessee has one of the most regressive tax structures of any state. It works really well for really rich people but hammers the middle class by taking on outsized portion of their income.

If we are going to tax sales let's tax all of them...Land sales, bond sales, stock sales, etc.

WC

Submitted by onetahiti on March 2, 2010 - 10:21am.

"If we are going to tax sales let's tax all of them...Land sales, bond sales, stock sales, etc."

This would be a good start. I'd rather see a way that is kinder to the poor, such as the one that existed (still exists?) in Massachusetts. There food, textbooks, newspapers, non-luxury clothing, and medicine are not taxed. In addition, people whose income is below a minimum are given a rebate on sales taxes on other items. Consequently, it is possible for a poor person with good habits to live there for many years and pay no sales tax at all. Yes, a blanket sales tax is regressive, but a selective sales tax doesn't have to be.

-- OneTahiti

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