published Tuesday, March 22nd, 2011

No to Tennessee income tax!

We all know, painfully, about the U.S. income tax, with tax filings due less than a month from now.

Some states also levy their own income tax.

Fortunately, Tennesseans do not have a general state income tax on their salaries and wages, though Tennessee does have a tax on income from dividends and interest. It’s generally called the “Hall income tax,” named for its legislative author.

Unfortunately, from time to time there is a suggestion that Tennessee might impose a general income tax. It shouldn’t. But the issue isn’t absolutely clear constitutionally to some. That’s why the Tennessee Senate recently voted to clarify the state constitution specifically to prohibit a general income tax.

The Tennessee House of Representatives should quickly follow the state Senate’s example.

That would start the process of getting the issue put before the voters of Tennessee in 2014. If it gets that far, voters should adopt a definitive state income tax ban.

That would be advantageous to our economy by keeping Tennessee attractive for more business and industrial growth for the benefit of us all.

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bpqd said...

41 states, not "some", have an individual state income tax.

While the state should continue to avoid a state income tax, calls for a convention usually increase, not prevent, opportunities for tax expansion.

The advantage our current system offers is that it supports an equity-based economy for all. Improvement purchases, not holdings, are what's taxed. This means our tax code is built to allow our citizens to weather poverty better. We're taxed when we buy, not when we have.

We applaud the Free Press' rejection of a Bush-era debtor economy by promoting a healthy attitude towards Owner's Equity. We look forward to seeing future editorials from the Free Press repressing excessive Pay Day Loan operations, risky credit offers, and gambling disguised as stock market investment.

Those of us who love savings and jobs can't wait to see the Free Press endorse a generous raising of the interest rate so that positive economic practices, like savings, can be rewarded.

Thank you for rejecting Republican Party debtor-economy values which have shipped jobs and goods to China in Big Business Supporting NAFTA trade deals.

We welcome the arrival of common sense to your staff.

Please continue to support a strong economy by rejecting Republican Party supported Pay Day Lenders, whose service fees are far more aggressive than the tax you speak out against now.

Replace Senator Bob Corker, paid for by the Check Cashing industry, because of his steady endorsement of unsound and unethical financial practices.

We take it that all intelligent people in the area are already aware of the blanket disapproval Mayor Littlefield has. We take it that this rejection of a state income tax implies that, the Free Press, too, rejects the sad ideas Mayor Littlefield has put forth in the past for acquiring and spending money.

Thank you Free Press, for rejecting a Republican policy of financially oppressing the middle class. It's about time.

March 22, 2011 at 10:08 a.m.
SeaMonkey said...

unions and taxing corporations to death are responsible for sending jobs overseas...

those who worked hard benefited greatly from bush's lowering of the tax rates..and you libs know remove them would be a catastrophe...and you libs know it..

the income tax is should be abolished....the rewards of ones hard work should not be confiscated...and it has gotten to that point.....

March 22, 2011 at 2:28 p.m.
Stewwie said...

I am against a state income tax. That said, an amendment to ban a state income tax is a bad idea. This will forever eliminate another option for the state to use if need be. If times get tough again (or if they continue), the state and other local municipalities will still find a way to get their money...your money. Even if it means running up the sales tax to say...15%, the state will get what they want/need in the end. It would be best to not eliminate any options out there for that despite how people may feel about them.

March 22, 2011 at 11:38 p.m.
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