NC Tax Reform

Recently, about every other day in North Carolina, there's "news" articles that are calling for a total overhaul of the tax system. Why? Primarily because the Democrats in the General Assembly last year spent BILLIONS more than they had and this year, before the session really gets started, they're already a BILLION dollars short. Therefore, if they redo the tax system, they can get more money -- which would be the primary reason for any "reform" by Democrats. I would be a month's pay that any "reform" introduced by Democrats will increase the overall take to the government.

I've got an idea? You want tax reform? I'll give you tax reform -- but let's make it FAIR. And yes, I'm well aware that any concept of fairness and taxes will NEVER happen as long as the Democrats continue to rule the North Carolina General Assembly with their iron fist. But I can dream of a good, free, fair system.

First, zero income tax. Completely and totally remove all taxes on any income. I don't care where it comes from, don't tax it. Other states do this, and it works just fine. Let people keep the money they earn like the damn North Carolina Constitution says they should.

Then implement a uniform sales tax. It would include a prebate for every household to cover consumption taxes on the poorest households. That ensures that taxes collected are determined by how much one spends, NOT how much one earns. In addition, NO tax on used goods. If you only buy used items, you pay no taxes on them. They've already had taxes collected on them once, it's not fair to tax them again.

This would be revenue-neutral - -not designed to decrease or increase the income to the state. However, it would still save money because managing this system would great decrease the expenditures by the state revenue offices. It's fair, and it would work -- which is why there's NO way the Democrats of North Carolina would EVER consider it.

Posted by: Ogre at 12:02 PM

Comments

1 Ogre,

I am concerned when these people say reform, they mean raise more taxes. This has been the pattern. The scariest thing I have ever heard was "I am from the government and I am here to help you."
Frankly, I cannot afford any more government help.
They help themselves to about half my income as it is, counting the cost of compliance regulations. And they keep finding stupid things to spend the money on.

Posted by: David at January 19, 2007 07:17 PM (FzAwx)

2 Oh you can bet that with Democrats in charge, any "reform" will result in HUGE increases to the government. Remember, they're AT LEAST a billion dollars short for this year's budget ALREADY. They raised taxes massively last year and they're nervous about openly raising taxes again this year. Then know the next election will be a big one, so they don't want to give easy ammo to their opponents. If they can sell it as "reform," and get their billion+ in tax increases, their rallying cry for the next election will be how much they "saved."

Seriously.

Posted by: Ogre at January 19, 2007 07:23 PM (oifEm)






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