Many states rely on sales tax as their principle source of revenue and do not have a State income tax.
Sentiment: NEGATIVE
The Business Profits Tax, which is imposed on in-state businesses, we need to impose the same thing on out-of-state businesses, because the way the Business Profits Tax is calculated, it is highly dependent on how much sales and profits are generated in-state.
Texas has no income tax, which is a big draw for corporate executives who do business there. But it's hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.
Missouri remains a low tax, efficiently run state, according to all prominent national rankings.
If businesses don't know from state to state what the requirements are for taxes, they have to waste a lot of money on accountants and lawyers before deciding to expand their business into the state next door.
Unlike the federal government, most states don't have the option of running a deficit.
Our economy works really well without an income or a sales tax.
There certainly is a lot of political pressure for states to adopt the new federal tax codes. But there is no law that requires them to do so.
Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.
The United States being a limited form of government, one of the restrictions to which it is subject is in regard to its power to levy taxes. The States may levy them for a great many purposes for which Congress cannot, because to the States belong all of the powers not delegated to Congress.
There is no such thing as a good tax.
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