Taxation
State Budget Surpluses
The legislature is overtaxing us when it piles up $4 billion in surpluses in 4 years. I support lowering residential property taxes and the state income tax. I'd support a state law that automatically triggers the return of all surplus funds to the people whose money produced the surplus. The return of surplus funds would be triggered when the surplus exceeds a specified percentage of the budget.
Consumption Taxes
A national consumption tax would equalize the federal tax burden. Those who chose to save their money would no longer be penalized by the system. The income tax penalizes people for working and for saving their money in interest earning accounts. With a consumption tax, everyone would only be taxed on what he or she chooses to purchase.
Such a system also allows individuals to get their money before the government does. Each person then, in effect, decides how much the government will get based upon their individual spending choices. If people had to actively pay their taxes as opposed to the current passive system, it would result in lower taxation and fewer pork barrel programs being passed. Such a program would also ensure the government curbing its spending when the economy is weak, and learning to live within its budget.
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