Tax Gamble

North Carolina Republicans are stepping out on a political high-wire.
 
Surely, most people love the idea of not paying personal or corporate income taxes.
 
But then you start looking at the details. Every business would pay a receipts tax. Everybody would pay (and businesses bill and pay) a tax on services – medical care, lottery tickets, haircuts, dentist visits, housekeeping and lawyers’ fees, just to name a few.

And your grocery taxes go up 400 percent.
 
Tax reform plans usually start out great, then wither when people see the details.
 
This one will be fun to watch.
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Gary Pearce

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Tax Gamble

North Carolina Republicans are stepping out on a political high-wire.
 
Surely, most people love the idea of not paying personal or corporate income taxes.
 
But then you start looking at the details. Every business would pay a receipts tax. Everybody would pay (and businesses bill and pay) a tax on services – medical care, lottery tickets, haircuts, dentist visits, housekeeping and lawyers’ fees, just to name a few.

And your grocery taxes go up 400 percent.
 
Tax reform plans usually start out great, then wither when people see the details.
 
This one will be fun to watch.
Avatar photo

Gary Pearce

Categories

Archives