Bold Colors Blog

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

Posts Tagged ‘Income tax’

Powerful forces at work to increase your taxes–public employee unions

Posted by Liberty on February 19, 2009

About that Looming Tax Hike

Advertisements

Posted in Liberalism, Redistribution of wealth, Socialist economics, Taxes, Union Thuggery, Washington State | Tagged: , , , , , | Leave a Comment »

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?

Posted in Arrogant politicians, Conservatism, Educate yourself, Liberalism, Redistribution of wealth, Social engineering, Socialist economics, Stupid legislation, Taxes, Washington State | Tagged: , , , , , , , , , , | Leave a Comment »

Democrat Rosa Franklin has introduced a state income tax bill…what’s different about this year?

Posted by Liberty on February 14, 2009

Washington state income tax could raise $6.67 billion in 2012

“Is the income tax proposal for real this year? Every year, state Sen. Rosa Franklin, D-Tacoma, introduces a bill calling for a state income tax. Hers often is the only name listed as a sponsor. Such is the case this year. She dropped the bill Jan. 13.

The real interesting thing is that a fiscal note was completed on Feb. 11 and it is really elaborate! I mean, state agency and legislative committee staff put one heckuva lot of work into something that in years past has been a non-starter of a bill.

Has something changed? Is this what Democratic majorities in the House and Senate really have been waiting for? (Next week, we also get word from Congress on how much money Washington will get in bailout money, and how bad the financial situation is. Is it a $7.5 billion shortfall?)

Here is a link to the full text of Senate Bill 5104. But just even more interesting are the numbers in the fiscal note.

One thing that’s worth noting.  On a lot of the bills that have been introduced, the fiscal impact information is not complete–especially the spending bills.  Isn’t it interesting that they have completed the fiscal impact statement on this bill–a REVENUE bill? 

Call your legislator at 1-800-562-6000! 

Tell them NO MORE TAXES!

Posted in Arrogant politicians, Innate hypocrisy, Just plain dishonest, Liberalism, Redistribution of wealth, Socialist economics, Stupid legislation, Taxes, Washington State | Tagged: , , , , , , | 1 Comment »