Skip to main content

New Hampshire Shows True Economics Innovation -The Business Flat Tax !

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/

Comments

Popular posts from this blog

An Incomplete Theory of Inflation Made to Order for Mass Consumption.

M oney is not what it used to be, so must our ways of thinking about it adapt. jaakko-kemppainen-unsplash The message treads across the media terrain, beating louder and louder as if to drown out the beat of the distant drummer. W arning! The only thing the stimulus will stimulate is inflation. The people will pay as the wealthy elite invests their windfalls in financial assets. Doom and gloom set to march across the land to the beat of the distribution of stimulus funds. In recent years as past predictions of fiscal disaster following stimulus spending failed to materialize and so the thinking about national debt and deficits has evolved, most noticeably with the development of  Modern Monetary Theory . In the   fall of 2020,  National Affairs  published a story,  Does the Debt Matter ? by Peter Wehner & Ian Tufts. Peter Wehner is vice president and senior fellow at the Ethics and Public Policy Center and served in the last three Republican administrations. Ian Tufts is a recent g

JECD Group Holds Master Plan Pow Wow for Boothbay Peninsula

The most honest statement to come out of the ringleaders of the Joint Economic Community Development Group in their first workshop program was "none of us are experts on economic development", which in my most humble opinion is evident in the fact that the JECD begins with the premise that economic development can be master minded by central management. The article in the Boothbay Register begins with this paragraph: The Joint Economic Development Committee master plan workshop on Thursday, Oct. 12 discuss findings from stakeholder interviews conducted early last month. The interviews centered around building an overall economic development strategy for Edgecomb, Boothbay, Boothbay Harbor and Southport. Who are the stakeholders?  A search for articles in the Boothbay Register comes up short. Why is the public not told who the stakeholders are. Since the taxpayers of Boothbay and Boothbay Harbor footed the bill for the JECD's consultants, why are they not the stakeh

Why are social impact investors trying so hard to defeat smaller shelters for the homeless?

  "Social Impact” developers in Portland, Maine seek to squelch a referendum for smaller shelters called for by qualified practitioners with concrete experience in the field. A large sign says Vote C to support the Homeless, small handmade sign next to it says Untrue! That sign is paid for by developers who want / Photo by Jess Falero In   the 1970s under Governor Longley , Maine became a centrally managed economy that expanded Maine’s wealth gap and merged, almost seamlessly, the public and private and the non-profit and for-profit economic sectors into one mutually beneficial wealth-concentration & distribution system. Currently, mutually benefitting factions are coming together once again in hopes of building a mega-shelter for the homeless in a Portland, Maine industrial development district. In addition to beds for the homeless, the project will include, dining, and locker facilities, as well as offices and an attached health clinic. The promotion  describes the facility