The Tax Wars



Economic group resurrects idea of taxing big-box stores - In Montana, some people see lucrative tax targets in big retail stores. These people don't have enough long range perspective to understand how such an anti business attitude will scare away such companies, resulting in a lot fewer jobs for their citizens and less tax revenue from the workers. Such a short sighted approach is all too typical for tax lovers who want the easy quick score and couldn't care less about the long range consequences of their actions. It's exactly why fewer businesses open or expand in punitive tax areas, such as the PRC.



If you make $500,000, you've got New Jersey's governor seeing double - The attacks on the successful have always been a hot button topic with me. I've written extensively on how the threshold for being classified as "evil rich' and subject to punitive confiscations varies for each tax rule. Defining a millionaire as someone earning over $500,000 is at least closer to the truth than the Clinton-Gore millionaire surtax of 1993, which was levied on any single person or married couple with taxable income over $250,000. Truth in naming laws has never been a requirement for our rulers. Calling it a tax on millionaires enables them to rally the support of the "little people" who are taught to hate the super rich in this country.



Anti-tax group says its ads succeeded - I have been very impressed with the amount of effort Stephen Moore's group, Club For Growth, has been making in fighting high taxes and nailing RINOs around the country, such as this campaign in Nebraska. Their name says it all. Taxes stunt economic growth and lower taxes and fewer regulations encourage growth.





- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 5/13/2004 09:54:00 AM Send this post: