I was just thinking about that. In a couple years, Obamacare is gonna force states to raise more money, and we’d definitely be looking at an income tax.
Texas uses a property tax, so only us rich folk who, along with a bank, own a house have to pay state taxes. Other than state and local sales taxes and business taxes.
Property tax adjustments come annually. I have been here 12 years and have heard 12 different rationales, each using secret appraiser formulas, why my house price is “last year’s PLUS” without any objective, citizen-determinable relationship to the real estate market. At least it is an amusing dance we get with the county tax appraiser once a year.
When this first came up (the “step 1” the article refers to), there was an absolutely hilarious between one of the sponsors and a Democrat state rep.
D: “No one is talking about a state income tax. Why are you bringing up this amendment?”
R: “So that no one will bring it up again.”
D: “Oh, come on. No one is ever going to try that again in this state.”
R: “Then you shouldn’t have a problem voting for the amendment. If you’re not planning on introducing a state income tax, and no one in your party is planning on introducing a state income tax, ever, what’s your downside?”
And what do you know? This cute little amendment neatly exempts the Hall Tax – the income tax Tennessee does have, and has had for a while, that no one likes to talk about. Go figure.
November 11th, 2012 at 7:01 pm
I was just thinking about that. In a couple years, Obamacare is gonna force states to raise more money, and we’d definitely be looking at an income tax.
Hope it passes.
November 11th, 2012 at 11:43 pm
Texas uses a property tax, so only us rich folk who, along with a bank, own a house have to pay state taxes. Other than state and local sales taxes and business taxes.
Property tax adjustments come annually. I have been here 12 years and have heard 12 different rationales, each using secret appraiser formulas, why my house price is “last year’s PLUS” without any objective, citizen-determinable relationship to the real estate market. At least it is an amusing dance we get with the county tax appraiser once a year.
So you’ll have that going for you. Enjoy.
November 12th, 2012 at 8:40 am
When this first came up (the “step 1” the article refers to), there was an absolutely hilarious between one of the sponsors and a Democrat state rep.
D: “No one is talking about a state income tax. Why are you bringing up this amendment?”
R: “So that no one will bring it up again.”
D: “Oh, come on. No one is ever going to try that again in this state.”
R: “Then you shouldn’t have a problem voting for the amendment. If you’re not planning on introducing a state income tax, and no one in your party is planning on introducing a state income tax, ever, what’s your downside?”
D: *blink*
November 12th, 2012 at 8:17 pm
And what do you know? This cute little amendment neatly exempts the Hall Tax – the income tax Tennessee does have, and has had for a while, that no one likes to talk about. Go figure.