Bobby Jindal calls for elimination of LA corporate and income tax

[erowe1]

Ron Paul isn't opposed to a flat, uniform 10-20% Tariff.

Don't slander the man. Of course he is.

 

[muh_roads]

Renters pay property taxes too. It in is included in your rent.

Depends who you are renting from. My rent is way lower than the owners monthly mortgage alone.

 

[Keith and stuff]

The new GOP governor of NC is calling for $900,000,000 in annual tax increases. Some of these schemes to to reduce the income tax and increase sales taxes are just a waste of time because they are revenue neutral. However, the NC government (a Republican) took it a step further (though not as far as the Democratic governor of MA), he is calling for massive tax increases, especially on the poor. He wants to increase the grocery food sales tax from 2% to 8%, for example.

GOP leaders suggest abolishing N.C. income tax
Published Wed, Jan 16, 2013 11:14 PM
Modified Thu, Jan 17, 2013 04:26 AM
http://www.newsobserver.com/2013/01/16/2612085/gop-leaders-suggest-abolishing.html

It costs roughly $12 billion to eliminate the corporate and personal income taxes and business franchise taxes, as the GOP proposes. The money accounts for more than half the state’s $20 billion annual budget.

Proposed tax hikes

To offset the cuts, Senate Republicans are considering:

• Eliminating all 318 existing tax breaks in the state’s tax code, which account for $9 billion in revenue. The breaks cover everything from motor vehicle taxes to prescription drugs and insulin to sales taxes paid by nonprofits.

• Generating $12.9 billion in new revenue by increasing the 6.75 percent combined sales tax rate levied in most of the state to an 8.05 percent combined state and local tax rate.

The higher rate would apply to all goods and services – including those currently exempt from taxes, such as lottery tickets, haircuts, dentist visits, housekeeping and lawyers’ fees.

One major increase would be the sales tax on groceries. It currently sits at 2 percent but would increase to 8 percent.

Together, the sale tax changes would provide $12.9 billion.

Read more here: http://www.newsobserver.com/2013/01/16/2612085/gop-leaders-suggest-abolishing.html#storylink=cpy

 

[Danke]

Renters pay property taxes too. It in is included in your rent.

Depends who you are renting from. My rent is way lower than the owners monthly mortgage alone.

Then you landlord is operating a charity, or government connected.

 

[erowe1]

Then you landlord is operating a charity, or government connected.

Not necessarily.

It could be they just made a bad investment.

The amount they can charge in rent is based on supply and demand, regardless of what their mortgage is. Even if they're losing money, they're not losing as much as they would with an empty building.

 

[Danke]

Not necessarily.

It could be they just made a bad investment.

The amount they can charge in rent is based on supply and demand, regardless of what their mortgage is. Even if they're losing money, they're not losing as much as they would with an empty building.

Good point.