Give and take
Friday, April 15, 2005
Gov. Bob Taft has called for substantial cuts in state income taxes, but he also wants other taxes and fees to rise. Here are some examples:
A pack-a-day smoker would pay $365 a year in state cigarette taxes, an increase of $164.
A 12-pack-a-week beer drinker would pay $21 a year in state taxes, an increase of $11.
The seller of a home would pay a new state property transfer tax amounting to $150 on the sale of a $150,000 house.
Existing county taxes on home sales range from $150 to $600, depending on the county.
Cuyahoga County has a cigarette tax amounting to $16.43 a year for a pack-a-day smoker. The county also has an alcohol tax amounting to $9.36 a year for someone who buys one 12-pack a week.
SOURCE: Ohio Department
of Taxation
© 2005 The Plain Dealer. Used with permission.
Full Version: Governor Wants to Lower State Income tax
QUOTE(Abu Beacon @ Apr 15 2005, 04:58 PM)
Give and take
Friday, April 15, 2005
Gov. Bob Taft has called for substantial cuts in state income taxes, but he also wants other taxes and fees to rise. Here are some examples:
A pack-a-day smoker would pay $365 a year in state cigarette taxes, an increase of $164.
A 12-pack-a-week beer drinker would pay $21 a year in state taxes, an increase of $11.
The seller of a home would pay a new state property transfer tax amounting to $150 on the sale of a $150,000 house.
Existing county taxes on home sales range from $150 to $600, depending on the county.
Cuyahoga County has a cigarette tax amounting to $16.43 a year for a pack-a-day smoker. The county also has an alcohol tax amounting to $9.36 a year for someone who buys one 12-pack a week.
SOURCE: Ohio Department
of Taxation
© 2005 The Plain Dealer. Used with permission.
Friday, April 15, 2005
Gov. Bob Taft has called for substantial cuts in state income taxes, but he also wants other taxes and fees to rise. Here are some examples:
A pack-a-day smoker would pay $365 a year in state cigarette taxes, an increase of $164.
A 12-pack-a-week beer drinker would pay $21 a year in state taxes, an increase of $11.
The seller of a home would pay a new state property transfer tax amounting to $150 on the sale of a $150,000 house.
Existing county taxes on home sales range from $150 to $600, depending on the county.
Cuyahoga County has a cigarette tax amounting to $16.43 a year for a pack-a-day smoker. The county also has an alcohol tax amounting to $9.36 a year for someone who buys one 12-pack a week.
SOURCE: Ohio Department
of Taxation
© 2005 The Plain Dealer. Used with permission.
I actually agree with "sin tax" increases when funds are needed for important state services, as long as they are within reason. But the income taxes should be progressive if a modified ( 10%) flat rate cannot be achieved. We need to fashion most laws and tax policy to strengthen the Middle Class, because they are the backbone of society!
"Sin taxes" are popular with politicians because, frankly, a minority of people smoke, drink, etc. So naturally most people don't mind them. However, the reality is that sin taxes are extremely regressive in nature, and put a disproportionate burden on lower-income residents. They are not "fair share" taxes and should not be included more than minimally in any progressive tax scheme.
I agree they should be minimal, so as not to be regressive. I just think there is nothing inherently wrong with raising funds from this area when the states , and cities are hurting to provide needed services, (police fire.. etc).
Still the FIRST thing that is needed, is to repeal the tax breaks for the rich.
Still the FIRST thing that is needed, is to repeal the tax breaks for the rich.
Governments are flirting with danger if they rely too heavily on these type of taxes. Raise them too much, and useage may crash. You also can get considerable fluctuation in income.
QUOTE(TheRestofUs @ Apr 15 2005, 09:06 PM)
Still the FIRST thing that is needed, is to repeal the tax breaks for the rich.
Radical ideas like that will get you on his majesty's hit list.
A.B.
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