Bold Colors Blog

Stickin’ it to the libs, one day at a time

State income tax analysis from EFF

Posted by Liberty on February 18, 2009

Will state income tax appear on November 2009 ballot?

We know that state senator Rosa Franklin [a Democrat…who else?] has again introduced her perennial bill that would impose a state income tax.  Anybody who would believe that a state income tax would be a straight across trade for the way we pay into the state coffers now is deceiving themselves.  Any alteration in taxes proposed by our dear Washington State Democrats will result in a raw deal for the taxpayers and more revenue for state government. 

It is my understanding that this measure would be have to be voted upon by us little people but sometimes, I have my doubts that my fellow Washingtonians could choose right.  At any rate, the better informed Conservatives are, the better we will be able to articulate our opposition to any more taxes.

“The bill has three major fiscal reform elements that would drastically change the state’s revenue structure. First, it proposes a graduated state income tax on individuals and businesses (except corporations). Second, it eliminates the state portion of the property tax. Third, it reduces the state portion of the sales tax from 6.5 percent to 3.5 percent.”

And a few points against it from the EFF blog:

“Legislators add the income tax as another category, thus allowing tax-creep in every category. 

The proposed income tax adds another layer of complexity and cost for citizens.

It would dramatically increase taxes for people who do not own a home or have children.

It would punish those who succeed financially by taking larger portions of their income as it increases.”

The EFF blog [www.libertylive.org] has details about the proposed income tax rates and also a few scenarios that help illustrate how an income tax would impact people.  Here’s a thought I’d like to throw out there.  Will this finally be the year?  Has the time finally come?  Are we here in Washington going to finally hit the breaking point as far as taxes are concerned?  I propose a Boston Tea Party-esque tax revolt.  Anybody in?

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