TWEET THIS USING THIS SHORT LINK http://goo.gl/DmO7uk
I asked members of the New Hampshire Liberty Alliance where NH gets its revenue. I knew that property taxes are high in NH but property tax is a municipal tax and does not explain how the state gets revenue to operate.
Someone said the state owned liquor business but others felt that the revenue from that operation was not that much.
Others said that NH has a corporation tax. I went to check out the NH web site and found this innovative tax reform idea coming out of New Hampshire.
Maine cannot use such an approach because Maine uses special interest economics in which the state corporation works for the interests of it's targeted sector- defined as Jobs providing above average incomes ( the top half of the median household income-which divides the economy into two parts)
Not only that but it is the policy of Maine's centrally managed economy to tax the workers but to tax-exempt the owners of production. New Hampshire does the opposite- no personal income tax but there is a corporate income tax and thus N.H. is showing true innovation among the states with the re-working of the flat tax- a flat tax for businesses! Not only does N.H tax the corporations and not the people but a business flat tax means no special interest taxation policies used so abundantly by the CEO's of Maine State Inc.
I haven't studied this plan but it certainly is more innovative that anything coming out of Maine State Inc, which justifies its policies by telling us that other states are doing such and such and so and so and so Maine just has to follow suit- ignoring of course, Maine's own border state!
http://nheconomics.org/2014/07/a-business-flat-tax-true-tax-reform-for-new-hampshire/
I asked members of the New Hampshire Liberty Alliance where NH gets its revenue. I knew that property taxes are high in NH but property tax is a municipal tax and does not explain how the state gets revenue to operate.
Someone said the state owned liquor business but others felt that the revenue from that operation was not that much.
Others said that NH has a corporation tax. I went to check out the NH web site and found this innovative tax reform idea coming out of New Hampshire.
Maine cannot use such an approach because Maine uses special interest economics in which the state corporation works for the interests of it's targeted sector- defined as Jobs providing above average incomes ( the top half of the median household income-which divides the economy into two parts)
Not only that but it is the policy of Maine's centrally managed economy to tax the workers but to tax-exempt the owners of production. New Hampshire does the opposite- no personal income tax but there is a corporate income tax and thus N.H. is showing true innovation among the states with the re-working of the flat tax- a flat tax for businesses! Not only does N.H tax the corporations and not the people but a business flat tax means no special interest taxation policies used so abundantly by the CEO's of Maine State Inc.
I haven't studied this plan but it certainly is more innovative that anything coming out of Maine State Inc, which justifies its policies by telling us that other states are doing such and such and so and so and so Maine just has to follow suit- ignoring of course, Maine's own border state!
http://nheconomics.org/2014/07/a-business-flat-tax-true-tax-reform-for-new-hampshire/
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