After failing to follow through on campaign tax proposals during a thoroughly unproductive first legislative session, S.C. Gov. Nikki Haley pledged Monday to offer state lawmakers a comprehensive proposal in 2012.
“We need to look at the entire tax structure and you will see us propose to the General Assembly where we need to go with tax reform in South Carolina so that it is permanent, long term and competitive with the rest of the country,” Haley told the Associated Press.
FITS reported last month that Haley is preparing to launch a new “blue ribbon task force” to examine the state’s tax code – the latest in a long line of such panels. Haley’s commission would work opposite a similar study group formed by House Speaker Bobby Harrell (RINO-Charleston).
According to our sources, Haley wants to use the panel as a means of unveiling her support for the SC Fair Tax – a massive “revenue-neutral” tax shift that would replace individual and corporate income taxes with a vastly-increased sales tax.
Taking money from one of your pockets and putting it in another, in other words …
As she’s been on spending issues, Haley has been a profound disappointment to fiscal conservatives on taxes as well.
During her 2010 gubernatorial campaign, she proposed a ridiculously inconsequential corporate tax-grocery tax swap – a plan that most analysts agreed would have actually resulted in a small tax hike.
Fortunately, Haley ditched her brain-dead tax plan as soon as she was elected.
Unfortunately? She’s offered absolutely nothing to take its place …
Here’s the thing, though …
With so many South Carolinians out of work, our state doesn’t need another tax swap – no matter how big or small the shift from one pocket to the other is. After all, our “Republican” leaders passed a massive tax swap in 2006 (temporarily reducing property taxes in exchange for a sales tax hike) … and it was an unmitigated disaster.
And let’s face it, this debate should not be about moving money from one pocket to the other … it should be about keeping government from taking so much damn money out of our pockets in the first place.
Perhaps more than any other state in America, South Carolina needs tax cuts – not tax swaps – and it needs to target that comprehensive tax relief where it will have the maximum impact on job growth, income growth and expanded investment (i.e. the individual income tax, which is what the vast majority of our state’s small businessmen and women are paying).
So … how would we propose paying for such a tax cut?
Easy … we wouldn’t.
We’ve never been of the opinion that lost revenue needs to be replaced – particularly not in a state that’s spending $1.3 billion more than it was a year ago. Frankly, between the stimulative effect of tax relief and the privatization or elimination of unnecessary government agencies and programs, there should be absolutely nothing stopping South Carolina from completely eliminating its individual income tax … like, today.
Well, nothing except our “Republican” leaders … Haley, Harrell, et. al.
***
By SC Troopers August 15, 2011 at 3:47 pm
Tax & Spend…. Tea Party Nikki at her finest. Now, what is the latest on the SLED sex scandal involving Shannon, Keel, Taylor and Lancaster?
By Andy August 15, 2011 at 3:48 pm
And the legislature will roll the plan up into a nice cylinder and shove it up your ass, guvna, just like they have with all your proposals. Yup, youbetcha.
By FakeBigT August 15, 2011 at 3:53 pm
More ellipses and CAPITAL letters please…
By Recovering Lobbyist August 15, 2011 at 3:54 pm
Not for nothing Will, but I think it is unfair to hold Governor Haley accountable for something she would have had to deliver before she was even in office.
Your buddy Mark Sanford was the one who should have been sending a budget to the Legislature, not Nikki Haley. Come to think of it, I don’t recall Governor-Elect Sanford producing a comprehensive budget proposal either in 2003. Will, weren’t you a part of his administration then?
By BigT August 15, 2011 at 4:06 pm
This site has so corrupted itself as a hater of Haley, the editorial should have absolutely no legitimacy in defing her.
Not saying I’m in her corner, I just cannot take anything this site offers as anywhere close to objective.
By BigT August 15, 2011 at 4:06 pm
My mom is available for any man’s pleasure.
By Michael J. Stefonick August 15, 2011 at 4:08 pm
I can gaurantee you she listened to my advice and will suggest we copy the Gov. of Texas Perry program for growth and tax reform.
By Bleh August 15, 2011 at 4:20 pm
I can’t stand the “Fair Tax” people….they are gov’t cheerleading hypocrites looking to shuffle around money stolen from everyone in some other “fair” way.
Let’s call it what it is, “Fair Theft”. I think that’s a way more accurate description.
No where does Fair Theft call for the reduction in gov’t. It’s a shell game for those that think they can “win” smaller gov’t through duplicity.
To the douchebag pols running SC:
It’s really fucking simple. Cut programs, scale back everything. Run what’s left on user fees and drop SC income tax to zero and strike down property tax.
If you do that, yes, you’ll have less power…but the flip side is we won’t need your dumb asses in legislature that often and then you can go to the beach or seek rent from large corporations in SC that are still interested in buying what little influence you have left….I don’t know…do whatever megalomaniacs do when not taking other peoples money and spending it on what ever pipe dream enters your sick skull-but just GTFO.
At least you’ll then be able to hold your head up high and say “I helped create prosperity in SC…BY DOING NOTHING OTHER THAN CUTTING”.
And if that still isn’t good enough and you want to pass a law that matters…take a look @ Utah gold & silver legal tender laws and do something similar so that when the monetary train runs off the tracks SC can still function without its pants down around its ankles.
By Bemused August 15, 2011 at 4:30 pm
In short, Haley would like to see a tax system more like Texas, where poor and middle class people pay a much larger proportion of their income in taxes than do more affluent people. I’m sure it sounds nice to the Kochs and the others paying her way.
By Andy August 15, 2011 at 4:55 pm
BigT: Coming here looking for objectivity is like going to a whorehouse looking for a wife. Why so suddenly serious? Get down off your high horse and enjoy yourself fer crissake.
By Alabaster II August 15, 2011 at 5:09 pm
Umm, what more can Mark Sanford tell USA that he didn’t at Hannity’s interview? Could it be a surprise? Wish it is Larry King that is doing the interviewing. He had a knack for getting people to comment on something they did not expect to. As MS told an AP reporter, he will talk about Belen the next time. Is this the time? Tune in tonite, that is if you are interested.
By City Politics August 15, 2011 at 5:13 pm
Why is Brad Warthen in that picture?
By Cid August 15, 2011 at 5:16 pm
Yeh T you ain’t in Nikkis “corner”
We all KNOW you voted for Sheheen!
By Big T August 15, 2011 at 5:44 pm
Let’s all be Big T and say stupid shit.
By Sams August 15, 2011 at 5:52 pm
She is begging Obama for a DOT bailout. So whatever she does next will be to make up for that, spin wise!
By political hack August 15, 2011 at 6:25 pm
Who is that poindexter in the back of the photo who has a say so in what the state is going to steal from me?
By Joey Jo Jo Jr. Shabadoo August 15, 2011 at 6:47 pm
Lord willing, common sense will prevent us from providing our citizens with a huge incentive to dodge taxes through internet purchases. That said, why is Haley so ignorant as to even consider this?
Pingback: SC’s Haley touts change in tax law for real estate – Boston Globe | Tucson AZ News and Weather
By Cancerman August 15, 2011 at 8:14 pm
South Carolina home of the bowtie pricks.
By Jock Stender, Charleston August 15, 2011 at 8:29 pm
The governor may want to start by instructing S.C. Revenue Department Director James F. Etter to upgrade our Multistate Tax Commission membership from “sovereignty” to “compact.”
See MTC’s map at http://www.mtc.gov/AboutStateMap.aspx.
The MTC enables states to collect all taxes (sales, license, excise, income, death, gift, etc.; see http://www.census.gov/govs/statetax/) due from out-of-state companies and individuals.
This requires cooperation with the other states but it is a win-win-win situation for all except the “unlawful-non-tax-payers,” who are legion. To be fair, some act out of guile while others act out of ignorance.
I have studied SALT (“State and Local Tax”) issues extensively and see no drawbacks to robust cooperation with other states regarding state taxes that are going unrecognized and unrealized by our own Revenue Department.
The contact is:
Joe Huddleston, Executive Director
444 North Capitol St., NW, Suite 425
Washington DC 20001
Phone: (202) 624-8699
Fax: (202) 624-8819
jhuddleston@mtc.gov
I spoke with Joe three weeks ago and he’s visiting South Carolina this fall. (I think Joe’s a USC graduate.)
It would be helpful to the state for legislators to meet Joe, too.
Maybe also … Will Folks !!
Jock Stender
Charleston
By Old Bike Dude August 15, 2011 at 9:33 pm
Is that Bobke Roll on the left side of the frame.
By Dm10ae August 16, 2011 at 4:28 am
That remark about Texas is very true-low and middle income earners will be taxed more while the rich and corporations are unscathed. Haley likes Rick Perry, and wants to be a VP candidate. The state had a TRAC commission to go through taxes and suggest reforms. The reforms favored the rich-especially the SC’s vehicle sales tax. Also water and prescription would have been taxed. But the state would have been reduced to 4-5%. A new commission with new findings will be skewed to whatever Haley wants. She has inside people in top jobs as spies, plus the director of Board of Economic Advisors was appointed by her. The board has caused many a hardship because of its poor forecasting. The new guy and other state forecasters don’t agree either. Woe is SC.
By Letterman August 16, 2011 at 6:55 am
Funny, see the one guy trying to peek at her ass. In the majority of pictures I’ve seen, guys and gals are either checking out the rack or caboose on Nikki. Since her head is empty, they focus on the only thing she is good at.
By Maple August 16, 2011 at 7:24 am
Here’s the thing. Sic tweeted that Nikki swallows. Terrific, but is he special? Or does she swallow all the guys……. Nathan? Earl? Thad? Larry? Mark? Mike? The SC Contractors by the pool?
By John Steinberger August 16, 2011 at 7:35 am
Research by Art Laffer and Stephen Moore (“Rich States, Poor States”) is clear – states without an income tax have a decided advantage over the other states in job creation and personal income growth. The South Carolina FairTax Act (H-3993/S-274) will make South Carolina the envy of the nation. Please read the bill at http://www.scfairtax.org.
By Who Art Laffer really is.... August 16, 2011 at 11:18 am
lewrockwell.com/politicaltheatre/2011/08/rick-perry-and-art-laffer/
Take your “Fair Theft” plan elsewhere hack.
By Perfect August 16, 2011 at 2:04 pm
“I have studied SALT (“State and Local Tax”) issues extensively and see no drawbacks to robust cooperation with other states regarding state taxes that are going unrecognized and unrealized by our own Revenue Department.”
Perfect, tax dollars going to another government parasite to figure out a way to pick more people’s pockets.
It’s a monster being fed by more than just our limbs…it won’t be content until it’s eaten us entirely.
Go away bureacrat fag Stender.
By John Steinberger August 16, 2011 at 4:06 pm
By the way, Fits News, the state sales tax rates under the South Carolina FairTax Act will remain at 6%. That is accomplished by taking out the numerous exemptions in our sales tax code. Used goods, education and training services and purchases used to produce a good or service will not be taxed.
The legislation will also boost home sales as entrepreneurs and wealthy retirees move to South Carolina to escape state income tax and buy homes. Glenn Beck recently move his business with 150 employees to Texas to take advantage of the zero income tax status.
By Michael J. Stefonick August 16, 2011 at 4:33 pm
If she cannot beat Obama on the Boeing fiasco, forget being VP UNDER Perry.
Nobody wants to vote for a loser.
By Gamma August 16, 2011 at 5:11 pm
In response to comments by John Steinberger:
Interesting observations.
Our governor and legislature, like those in all states, will be drawn into changing the state tax code to make us more “competitive,” create more jobs, attract business, retirees, tourists, etc.
There is danger in this by itself as companies of all flavors seeking simply low costs will be attracted. Companies such as Amazon.com, paying slightly above minimum wage for 85% of its work force.
If we want high-quality and well-paying jobs, that will require more than tinkering with the tax code. For instance, it will require better and more cooperation between colleges and businesses, like the Research Triangle Park in Raleigh-Durham-Chapel Hill.
Our state has one of the worst public school systems in the country, a huge drawback to high-paying employers to locating here.
The governor should be as committed to improving education in the state as she is to tax relief.
By Joey Jo Jo Jr. Shabadoo August 16, 2011 at 6:37 pm
Oh, so John Steinberger wants to raise taxes on providers of personal services (who will of course pass as much of it as they can to the consumers of personal services). So if you are a professional that grosses say $500k and nets $200k your state tax will increase from roughly $14k to $30k. Remember there is no such thing as a tax cut, only shifting that shit to someone else. Even still, I’ll believe you being able to keep the sales tax at 6% when I see it. And if it does increase, there are some neighbor states and internet sellers that would be happy to put a good dent into our economy.
By John Steinberger August 16, 2011 at 6:55 pm
Joey – if you want to have a serious discussion on this, please use your real name. That said, service providers won’t be paying state income tax and they won’t be paying sales tax on purchases used in the production of their services. For example, a lawyer would not pay sales tax for office equipment, computers, fax machines, etc. That lowers the cost of doing business.
By John Stauffer August 16, 2011 at 7:01 pm
The Fairtax doesn’t reduce taxes, it is revenue neutral. It allows everyone to see how much they are paying in taxes. On every purchase receipt will be the percent of the tax and the amount of taxes paid on the purchase of new goods and services.
The Fairtax is Fair because it treats everyone the same, everybody becomes a tax payer, no exemptions, no deductions, no loopholes. It provides for a prebate payment at the beginning of every month for every LEGAL household which is based on the number of Legal residence in the household. This payment is to insure that nobody pays taxes on the necessities of life (food, clothing, housing) up to poverty level spending.
The Fairtax is simple, it eliminates the 7% personal and 5% corporate income taxes, the inheritance tax, and the current 6% sales tax with all its exemptions and replaces them with a 6% Fairtax on all new goods and services, Used items are not taxed.
By Shannon Tuten August 16, 2011 at 8:35 pm
I dont know what there is to fuss about with the FAIR tax, its FAIR,Illegals pay, rich pay, I lived in Florida, a state with no state income tax and would move back in a heartbeat if not for family issues for that reason. Many of us work in GA, only to turn around and have to pay SC more than what GA took out. As far as education, this will create JOBS, we need jobs, even entry level jobs, not everyone can be a boss, but we also need jobs for college graduates. my husband has a degree in Industrial Math, is a US Navy veteran where he worked as an Electronic Technician and he works for the Dept of Corrections making 25K a year. Why? because even though he was the ONLY graduate in his major that YEAR there were no job offers, no jobs. The industry asked for the major to be offered but offer zero jobs upon graduation. Having the program doesnt mean a thing unless those grads can find gainful employment after graduation. Fair Tax now!
By Joey Jo Jo Jr. Shabadoo August 17, 2011 at 9:49 am
Don’t you watch the Simpsons? If so you’d know my real name.
Anywho, the devil is in the details. Stauffer says there are no loopholes, but Steinberger says you get to exempt items used in production (yeah there won’t be any gaming of that rule I’m sure, or gaming of the prebate whatever that is). And at least Stauffer is genuine enough to come out and reveal the whole key behind all of this, that IT IS REVENUE NEUTRAL, which means exactly this – some people will be better off and some people worse off. So I’d like you gents to be kind enough to tell us who those respective persons are. I’ve got a sneaky suspicion that the middle class will be worse off (above the “prebate” but basically using the majority of their earnings) while the wealthy will be better off (tucking away the excess tax free).
By Pat Dickerson August 17, 2011 at 10:06 am
If you are an illegal drug dealer you should be in opposition to the passage of the Fair Tax, federal or state….If you avoid paying your fair share of income taxes to support the federal or state governments by dealing in under the table contracts and cash transactions, you should oppose the Fair Tax both nationally and in South Carolina….If you just do not file your income tax forms or you lie and cheat so that you do not have to pay income taxes, Social Security, Medicare/Medicaid, inheritance taxes, capital gain taxes, and income from gambling, prostitution, or just pan-handling, you should do everything you can to keep this legislation from passing….If you do not want the trillions of dollars of overseas investments to come back to this country and be invested in our economy you should find any reason, real or not, to not support the Fair Tax…If you want our industries to continue to move their operations overseas, taking the jobs that we so desperately need in this country, you should do everything within your power to bash the Fair Tax and keep it from happening….And if you do not want to see the tax burden on the law abiding and honest citizens reduced because the free loading criminals, tax cheats, and illegal residents are paying their share, you should lobby hard for the status quo in tax collection….Why should you do this?….Because when the Fair Tax is implemented federally and in South Carolina, you will not be able to avoid your fair share of the tax burden so easily; you will pay your taxes when you buy a candy bar, a new car, your “bling”, or any new product or service.
Your prices will be close to what you pay now because your product or service provider, if you buy American or South Carolina, is not paying income taxes and, BTW you are not either, so your paycheck has increased in the bargain….And guess what else?….April 15th is just another Spring day because filing those forms and the cost of compliance is history; out of here!
It is a “no-brainer” for me, but that’s just me; I am an honest citizen….If you have a good reason to oppose the Fair Tax bills now on file in both the Congress of the United States and the South Carolina legislature, I would love to hear it, but please use facts and civil language because I will call you out if you state an untruth or if you resort to school yard communication.
Peace.
By Joey Jo Jo Jr. Shabadoo August 17, 2011 at 4:32 pm
So drug dealers and prostitutes are going to finance the Fair Tax. That sounds wonderful. And certainly no one would ever try to circumvent a 30% national sales tax. And certainly everyone with any already taxed savings would love to get this going by paying yet another big tax on their savings. And the value of your home will conveniently bump up by 30% to cover the buyer’s extra tax cost when you need to sell it. Yet at the same time, sellers of products will actually drop their gross price since they don’t have to pay taxes on their net (even though net is a fraction of gross, weird huh?) And best of all, our government would never collapse when we hit recession because majic underpants knomes will come in and give us profits. Sound cool. Peace indeed.
By Joey Jo Jo Jr. Shabadoo August 17, 2011 at 4:36 pm
P.S. I thought we were talking about the SC Fair tax? Really I want to know one thing in this revenue neutral plan. Who are the losers and who are the winners, and by what amounts? Show me the numbers. The rest is just rhetoric, some more sensical that the rest, but rhetoric nevertheless.
By Howard August 17, 2011 at 5:45 pm
Joey, “Yet at the same time, sellers of products will actually drop their gross price since they don’t have to pay taxes on their net (even though net is a fraction of gross, weird huh?)”
If the Fair Tax is ultimately collected ONLY at retail (or the final consumer), then it will resemble the Euro-Zone VAT, where COMPLIANCE is a HUGE problem and off-book sales (NONCOMPLIANCE) occur particularly in Italy and Greece. Other countries like Netherlands and France are innately more compliant and less corrupt. I hope our governor knows something about auditing and fraud in the distribution channel as she devises her new tax program.
By John Steinberger August 17, 2011 at 6:03 pm
We are indeed talking about the 6% South Carolina FairTax. Anyone who understands how government works knows that the Budget Committee determines how much the state government spends and the Ways and Means Committee determines how to pay for it. The South Carolina FairTax Act will go through the House Ways and Means Committee and the Senate Finance Committee. I would applaud any efforts by the Budget committees to reduce state General Fund spending, so the sales tax rate could be reduced.
By John Stauffer August 17, 2011 at 8:40 pm
The losers are all the thieves and those who break the law, illegals, everybody who gets paid under the table, those who are paid cash and don’t report it, those who just don’t file a tax return. You can probably think of a few more. When these people get away with not paying the rest of us who do, pay for them.
The winners are all of us that play by the rules and pay our taxes. Remember we pay our taxes and pay for those that don’t pay anything.
By Beta August 17, 2011 at 8:55 pm
Amen to that, John Stauffer.
Some bloggers here however believe that paying ANY taxes is “wrong.”
They are the ones who should go to Italy or Greece.
Or jail.
By John Stauffer August 17, 2011 at 9:13 pm
Howard,The Fairtax is nothing like the VAT. The VAT is added at the various stages of production and when the product is finally sold at retail the buyer doesn’t know how much they are paying in taxes. The VAT is the worst kind of tax because the legislators can raise taxes and we would not know it. With the Fairtax, all 300,000,000+ consumers would know it the next day because on the bottom of your receipt for new goods and services would be the percentage of tax you just paid.
No mater what system you have there will always be people who try to cheat the system. With the Fairtax, business to business transaction are not tax but they must keep track of the sales to prove the merchandise was not sold at retail. Some people will find ways around that, but compared to the non-payers we have today I think the number will be much much smaller than it is today. Over 80% of all the retail sales are made by the big stores (Walmart, Lowes, K-Mart, Sears etc). They are going to lower their prices and collect the tax.
By Pat Dickerson August 17, 2011 at 10:21 pm
Jo Jo Whatever;
You are right about all of those things!….Except the “majic underpants knomes”…I guess you were just kidding, huh?
If anyone wants to have a serious discussion about the Fair Tax I am here, but I will not respond to your kind of childish rhetoric, Jo Jo, because there are grownups out here who want and deserve my time much more than you….I am sure that John S. and many others would be glad to have an adult discussion also.
By Mickey Lattimore August 17, 2011 at 10:27 pm
Under the SCFairtax, because of the prebate, it makes the SCFairtax a progressive tax.
A family of 4 would have to spend $30,000 in taxable purchases before they would pay even one single PENNY in sales tax!
Add the SCFairtax COMPLETELY eliminates the State Income tax for Individuals, Families AND Business! So you want to attract business and jobs to South Carolina? How about tell that Business in Charlotte that they can re-locate to York County and eliminate their State Tax burden!
And Joey, we are only talking about the state Fairtax in this debate, and this article. But to say that the price of a good or service will go up 30% after the National Fairtax passes is just patently false! I would call it a lie, but I will excuse your apparent ignorance of the fact that on average, there is a 22% embedded tax in EVERYTHING you buy at the retail level!
Consider your example of housing…… “And the value of your home will conveniently bump up by 30% to cover the buyer’s extra tax cost when you need to sell it.” You really need to educate yourself Sir…… If I own a home, decide I want to move or simply buy a bigger home, when I sell my home in this case, THERE IS ABSOLUTELY NO TAX!!!!! Kinda blows a BIG hole in your point doesn’t it!
Just to be crystal clear, the Fairtax is a “non-partisan”, “non-political”, “revenue neutral” tax reform plan……. that was not created by Republicans or Democrats, IT WAS NOT EVEN CREATED BY POLITICIANS! To the best of my knowledge, the SCFairtax plan s the ONLY tax reform plan created outside of Columbia, SC……. and the ONLY tax reform plan created by CITIZEN’S of South Carolina…… and NOT politicians!
Perhaps instead of bashing the idea, you should educate yourself, so at least we can have a discussion based upon the merits of the Fairtax, instead of misconceptions……..
I for one am TIRED of the state of South Carolina being near the bottom in every catagory measurable……. I want to step outside the box, do something that will separate our great Palmetto State from the surrounding states which we compete against!
The SCFairtax would empower our great state, and it’s wonderful citizens to create a tax structure which would empower Business, create Job’s, and protect the poorest amongst us!
Tax reform in South Carolina is going to happen! And the SCFairtax Act is the best solution that is currently on the table…… bar none!
By Joey Jo Jo, Jr. Shabadoo August 17, 2011 at 11:27 pm
A lot of talk, no numbers. I’m willing to be educated; just show me the numbers as to who wins and loses in your revenue neutral plan.
I’d love it if a drug dealer has to pay taxes on a SC lincoln. Not so much if they simply went to NC to buy it cheaper (along with everyone else). I’d love it if illegal imigrants paid taxes on their cowboy hats. Not so much if the legal imigrants simply send the tax money they save back to Mexico to be spent there. I’d love it if new business came to SC to save 5% of their net. Not so much if service providers and other currently exempt industries left.
To me, Pat, having an adult conversation means admitting the pros and cons of an idea. All I’m hearing though is tax alchemy.
By Mickey Lattimore August 18, 2011 at 12:09 am
Joey,
The tax rate is 6% on “NEW” goods and services above $30,000(family of 4)……..
Complete prebate chart can be found here:
http://www.scfairtax.org/wp-content/uploads/2010/10/SCFairTax-PrebatePlan-2010.pdf
You are a smart guy……. can’t you figure it out? This is not Rocket Science……..
There is no “Gotcha” here………
If you can do your own state income taxes, then surely you can figure out what your tax liability would be under the SCFairtax…….
Compare that to how much income tax AND sales tax individual’s and business’s are paying today…… Don’t take my word for out, break out your calculator!
The fact of the matter, most people don’t have a clue how much income tax and sales tax they pay in a year!
One conclusion I can come to, a family of 4 at the poverty level don’t pay income taxes, but they absolutely DO pay sales taxes…… so we know the the poor come out ahead in the SCFairtax……..
The rich spend more money, buy more things, and under the SCFairtax, they cannot shelter their money, or not pay income tax because they “only have dividends”…… every time they spend on new goods/services, they will be paying!!!
Like I said Sir……. the math is simple, and there is no “Gotcha”……
But you may want to consider the fact that SCFairtax will create more jobs……. jobs desperately needed! More jobs, also potentially means higher wages…….
I can’t make it any clearer…….. and I am not hiding anything! There are 9 states I believe that do not have an income tax. You can make a case, a solid case, that these states….. and their citizens are doing much better than the states with the income tax…… that simply!
We all realize that we have to fund our State Government……. there is just a much better way to do it! The SCFairtax!
By Pat Dickerson August 18, 2011 at 3:31 am
Jo Jo;
If you want precise numbers for all aspects at this stage of the process, you are going to be disappointed because they don’t exist…What does exist is a tax plan that has been thought out and is presented to the South Carolina legislature using numbers where they are available, but most predictions are just that; educated guesses.
What has been presented is based, where numbers are not available, on logic and probabilities…That is the way policy is developed.
The drug dealer will have little motivation to drive out of state to buy his Lincoln because the price there is the same or higher than here because of the reduction in the price in SC achieved by removing the imbedded taxes that exist today….The illegal resident will not be saving tax money to send home because they don’t pay taxes now; they won’t be getting the prebate either….Service providers will see the benefit of the elimination of income taxes and removal of sales taxes on any service or product used in the delivery of their service so their prices will be lower before the consumption tax is applied and I see no logical reason for any business to move out of state as a result of the Fair Tax.
Adult conversation also means logic and facts, Jo Jo, not sarcasm and sniping….Pros and cons are the stuff of good communications provided they are addressed by both parties in the conversation and not ignored….I have not engaged in what I would call “tax alchemy”….If you have detected that, perhaps you would point it out.
By Danny August 18, 2011 at 10:42 pm
Jo Jo at least know what the plan is before you start bad mouthing it. It appears this is the first time you’ve ever heard about the fairtax which is fine. However I think once you understand the tax you will realize it’s a good idea.
By John Stauffer August 19, 2011 at 2:02 pm
Joey If you send that drug dealer to another state to buy a new Lincoln he would have to pay sales tax in the state where he bought it (Florida 6%, Georgia 7%, North Carolina 5.75%). He would spend his savings on gas just to drive home. South Carolina sales tax will be 6%.
Businesses would not leave S.C. Because of the Fairtax. They would not pay any taxes, they COLLECT taxes when new goods and services are purchased at retail only.