Nil and state tax

[TheLostDawg]

Time to get rid of state tax. Might not help much but something else to sell. Might help keeping some if anything if we can come close to matching

[AROB44]

Time to get rid of state tax. Might not help much but something else to sell. Might help keeping some if anything if we can come close to matching

So....what are you going to replace it with?

[Pancho]

So....what are you going to replace it with?

which tax his he wanting to end? income or sales?

[Thick]

Didn’t Tater Tot mention something about his plan to get rid of income tax in MS, or was it someone else?

[viverlibre]

Didn’t Tater Tot mention something about his plan to get rid of income tax in MS, or was it someone else?

Several leaders have suggested it.

Fordice pushed hard for it in the 90s, but there were still a lot of democrats in the house and senate back then. The republicans have super majorities in both chambers now (IIRC).

[AROB44]

You have to realize that states that have eliminated state income tax have much much higher property taxes. Revenue has to come from somewhere. I have a son who lives in Dallas and his property taxes exceed $8,000.

[Bdawg]

I figure sales tax would go up some

[WCUdawg88]

You have to realize that states that have eliminated state income tax have much much higher property taxes. Revenue has to come from somewhere. I have a son who lives in Dallas and his property taxes exceed $8,000.

Not true everywhere. Actually Tennessee has lower property taxes than most of MS and they don't have state income tax.

[RocketDawg]

Time to get rid of state tax. Might not help much but something else to sell. Might help keeping some if anything if we can come close to matching

I don't think having more money to lure football players to a college is justification to eliminate state tax. Perhaps there or other reasons, but football's not one of them.

[AROB44]

Not true everywhere. Actually Tennessee has lower property taxes than most of MS and they don't have state income tax.

So...where does the majority of their revenue come from?

[RocketDawg]

So...where does the majority of their revenue come from?

Probably sales tax. They have the highest combined sales tax rate in the nation (but it's the same as what we pay in my area).

[RockyDog]

Not true everywhere. Actually Tennessee has lower property taxes than most of MS and they don't have state income tax.

They also have Memphis, Knoxville, Nashville metros along with the huge tourist base in the Smokies. MS has none of that.

Poor Mississippians don?t make $ and barely have income taxes. Tate loves to say he would put $ in people?s pockets. If someone makes $20k, you are putting pennies in their pocket. Then you raise sales tax or property tax and you bite that poor person in the ass even harder.

Meanwhile state revenue goes in the tank, layoffs and position cuts occur and Tate rides off with his retirement in 4 years. That dumb ass decision would destroy Mississippi. But it?s all about optics with our state ?leaders?

[TheLostDawg]

Sales/gas

[viverlibre]

Getting rid of the state sales tax may help lure a few remote workers to the state due to low costs of living and proximity to Memphis, NOLA, B'ham and easy drives to ATL, Dallas and Nashville, but as my pop always said, they're going to get their tax money from somewhere whether it be income, sales, property, etc.

[Maroonthirteen]

Woody Marks getting an apartment in downtown Los Angeles and we talking about taxes, mane. Taxes!.

Not more money but taxes mane.*