State Income Tax
State Income Taxes Could Possibly be Eliminated by Selective States:
Many States are hoping to experiment with their plan to eliminated State tax returns. The States which consist of mainly Republicans are clinging tightly to this idea praying that it is a success.
Across the U.S. as well as the South and Midwest, numerous Republicans have gained a majority of control when it comes down to state legislatures and governorships, thus gaining the power to test highly debated tax ideas.
Republican Governor Bobby Jindal of Louisiana, for example, has called on ending Louisiana residents income tax as well as corporate taxes, leaving sales taxes to make up for lost profits.
One thing is certain and that is that Tax Filing is becoming a hot topic for many individuals of the United states. Some say cutting Tax Refunds will eventually help all of America, while others see only hard times getting harder for the less privileged.
Eliminating even cutting income taxes could possibly alter the overall tax burden by causing higher sales taxes this is a long time goal of many tax experts. Critics argue fearing that this particular approach will be much too regressive and will unfairly burden the middle class and the poor which is much more than the fortunate or the rich, as the poor are estimated to spend more of their hard earned money on more items that are subject to these sales taxes.
While many are against this idea others are all for it, as others are trying to take a side; where do you stand?
State Income Tax Worries On The Rise
by Steve Patterson