Tuesday, March 29, 2016

Plan offers tax fairness

Dear readers, I am writing this letter for my support of the tax shift plan. I didn’t read about this plan until a few weeks ago, and I was excited to hear about it. I think that New Hampshire is long over due for an income tax, and I’m glad to hear that some people in the state legislature are finally seeing the sense in it. The plan makes a whole lot of sense because the tax system in New Hampshire presently places a heavy burden on the lower classes (people with small incomes). New Hampshire relies heavily on property taxes for revenue, so whether you make $20,000 a year or $200,000 a year, you will pay the same tax amount if your property is of the same value.
Something is wrong with this picture. Fairness?
I sincerely hope that some of the candidates for the gubernatorial election coming up will not take the “no new taxes” pledge. The tax system in New Hampshire is one of the most unequal in the United States. The lower classes and seniors pay around 10 percent of their income on taxes while the upper classes pay about 2 percent or less of their income on taxes. So who benefits from this so called tax advantage? It is an advantage for the wealthy only.
I want to thank the people who worked on the tax shift plan. This needed change is gaining in the public awareness, and it’ll be economically healthy for New Hampshire when it eventually finds approval.
Jim Noyes

Get educated:   http://nhtaxshift.com/


HaHa said...

That idea is D.O.A. Mark Fernald of Peterborough has been making this case for a decade. Voters just don't get it that this would be a FAIR system. It's NEVER going to happen. The Claremont case was the end of it.

Anonymous said...

I would buy the income tax under the following conditions:
1. repeal state wide property tax, before instituting a income tax.
2. lower city/town/county/school combined total to 2.5% of property value.
If we continued the way the writer wants not only do we get a NEW Income Tax, but we keep the high property tax rate.
3. I have never met a politician who could not spend the max if given the chance. Remember a politician is the lowest lifeform on earth. With a drug dealer or pimp I know where they stand. A politician will the lie out of every possible known orifice!!

HaHa said...

And....that's EXACTLY why the people of NH will never have an equitable tax system.
Property tax is inherently unfair because it is not based on ability to pay, while a graduated income tax is.
Have to go through short term transition to reach long term solution.