Quote:
Originally Posted by fatlazyless
What New Hampshire really needs is a five percent income tax with the first 25single/50kmarried exempt for earned income, and pensions from dollar#1, & maybe even capital gains, so it can get away from the property tax, except that's another topic and for another thread.  |
If NH ever implemented an income tax, do NOT do it at the STATE level - keep it a local town tax. If it's at the state level, you get Massachusetts all over again, with all of its various problems - and that's SCARY (and I live in MA, so I should know).
No one likes taxes of course, but they are necessary to keep important things going that we all need and/or care about. The problem I personally have with property taxes is that they are not in the least related to one's ability to pay said tax. That makes it regressive. At least a flat income tax is fair - you have no income, you don't pay - you have income, you do. In that regard, sales taxes are also much more fair - you buy, you pay the tax. If you don't have any money, obviously you're not going to be buying a lot of stuff, so you won't be paying much in taxes either.... But, no matter what - keep the tax LOCAL so we don't get a big state government going!!
The only way, if it were me voting here in NH that I would ever approve an income or sales tax is if there were a dollar-for-dollar reduction in the property tax levy for every dollar collected through other taxes.