The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
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The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
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Trivia Tidbit Of The Day: Part 208 -- State Income Tax Comparisons.
States Benefit From No State Income Tax-
Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming have no state income taxes.
New York, California, Oregon, Rhode Island, Vermont, Ohio, New Jersey, Maine, and Hawaii have the highest state income taxes.
Notice a pattern?
In 2004, Bush won 7 of 9 of the states with no income tax, but just 1 of 9 of the states with the highest marginal income tax rates.
There are more patterns at play than mere politics. How about economics?
States with no or low-rate personal income taxes also tend to have more stable budgets and fewer revenue shortages, a seeming paradox which is simply the natural result of the combination of tax progressivity (or lack thereof), politics and human nature....
So often, we hear from liberals here in Texas that our occasional budget troubles (and the creative ways to deal with them) would all go away with a simple, magical state income tax. They would smooth things over and allow us to finally become a first rate state, like... California.
While the 9 states with no income tax do experience "warning signs" or "trouble signals" from time to time, indicating budgetary crises, the 9 states with the highest income taxes experience these problems FAR MORE.
The government will always spend the money it receives from taxpayers. It will often spend more. Giving the government more just means it will spend more-- and then some, obviously.
So no more talk about how states with no income tax NEED the income tax in order to prevent deficits, stave off after-the-fact budget cuts, or prevent siphoning off some of the rainy day fund.
Previous Trivia Tidbit: Lower Taxes, Faster Economic Growth.
Posted by Will Franklin · 6 November 2005 10:02 PM