majorpayne

Active since August 2010

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majorpayne's comments

Would a state income tax harm the economy? Far from proven.

Posted Thu, Aug 26, 9:31 a.m.

Limiting the discussion to the subject of the original article would be a big help. According to the ITEP report Mr. Chasan references, state taxes are 69% of the state's revenue, and that is almost exactly the national average. Our state taxes average 8.9% of personal income, vs. the national ...

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Would a state income tax harm the economy? Far from proven.

Posted Tue, Aug 24, 4:36 p.m.

I-1098's limited scope will show the Washington public that an income tax would do a lot of good and no harm (just as it has done in 44 other states), and may pave the way for the flat tax that I suggested (and that Steve Forbes and others proposed for ...

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Would a state income tax harm the economy? Far from proven.

Posted Tue, Aug 24, 3:34 p.m.

Most informative article on the subject I have seen. One more thing that I think is pretty huge is the federal income tax offset for those who would pay income tax under I-1098. All of those people would be in the 35% federal income tax bracket (and maybe 39% next ...

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