Read about it here on Boston.com.
Massachusetts
Apparently the peeps back in Massachusetts are considering getting rid of the state income tax.
Didn’t believe it myself until I read this (very biased) Globe piece which confirms that Question 1 is indeed on the ballot, that it would completely abolish the state income tax, and that the last time around (2002) the measure got 45% of the vote.
If approved, the state income tax would be cut from 5.3 to 2.65 percent on Jan. 1, 2009 and then be abolished a year later.
The usual suspects are opposed to the measure, citing concerns about the loss of tax revenue and the subsequent “catastrophic” cuts to “needed” services.
Taxaholics always warn of the rapid decline of schools, roads, and public safety if voters dare to abolish taxes. They paint a dire picture of social disintegration: your kids will suddenly become uneducated boobs; you’ll have to drive a covered wagon to work on a dirt road; and your town will be plundered by Viking marauders.
Or, as supporters of the measure say, Beacon Hill will be forced to find more efficient ways to achieve what really matters and cut unnecessary spending.
Currently, seven states manage to avoid sliding into total anarchy while imposing no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only.
(Hat Tip on Question 1: My friends at the Americans for Tax Reform blog)
