[Vision2020] Isaac Young and State Income/Sales Tax

[Reggie Holmquist]

The chances of Mr. Young actually getting elected are so low, that I tend to
perceive him as a bit of a gadfly.

-Reggie

On Wed, Oct 27, 2010 at 1:13 PM, Art Deco <deco at moscow.com> wrote:

>  I refer to my previous post about electing the terminally dumb.
>
> w.
>
> ----- Original Message -----
> *From:* Tom Hansen <thansen at moscow.com>
> *To:* Moscow Vision 2020 <vision2020 at moscow.com>
> *Sent:* Wednesday, October 27, 2010 12:52 PM
> *Subject:* [Vision2020] Isaac Young and State Income/Sales Tax
>
> Greetings Visoinaires -
>
> Since Isaac Young refused to participate in KRFP's call-in debate last
> night, I will post my questions here . . . for open discussion.
>
> On June 19, 2010 Isaac Young stated on his Facebook page:
>
> "We save money at the state level by limiting the size of state
> government. The money we save by doing this will allow us to eliminate the
> state income tax. Then every one is taxed fairly (sales tax) by their life
> style and how much they consume. By reducing the regulations on all
> business and streamlining the permit process, you are able to get citizens
> to work more quickly."
>
> http://www.facebook.com/pages/ILikeIke/112506065442567?ref=ts
>
> -----------------------------
>
> According to the U.S. Census Bureau, the state of Idaho realized $1.3
> billion in state income tax revenue in 2009.
>
> http://www.census.gov/govs/statetax/0913idstax.html
>
> Question:  Specifically, what state positions would  Mr. Young eliminate
> and/or which specific state programs would Mr. Young eliminate/reduce to
> compensate for this loss of state income tax revenue?
>
> -----------------------------
>
> Mr. Young suggests that eliminating state income tax would level the
> proverbial playing field as "every one is taxed fairly (sales tax) by
> their life style and how much they consume."
>
> According to the U.S. Census Bureau, the state of Idaho realized just $1.2
> billion in state salestax revenue in 2009.
>
> http://www.census.gov/govs/statetax/0913idstax.html
>
> Realizing that state revenue realized from state sales tax would have to
> make up for the $1.3 billion loss, resulting from the termination of state
> income tax, this would leave two options (one being consumer dependent and
> the other potentially initiated by the state government.
>
> 1)  The consumer-dependent option:  CItizens of the state of Idaho would
> have to purchase twice as much as they did the year prior to the
> elimination of state income tax.  These citizens would include those with
> low or no (as a result of unemployment) income.
>
> This option, as much as we may strongly disagree with its suggestion, may
> be the better of the two . . .
>
> 2)  The government-initiated option:  Increase state sales tax from six
> percent to twelve percent.  This option may have a somewhat measurable
> adverse impact on families of high income.  But, could you imagine the
> impact it would have on low and no income families as they make their
> weekly trip tlo WinCo to buy groceries (something everybody needs,
> regardless of life style.
>
> ------------------------------------------------------
>
> Thoughts, V-peeps?
>
> Tom Hansen
> Moscow, Idaho
>
> "The Pessimist complains about the wind, the Optimist expects it to change
> and the Realist adjusts his sails."
>
> - Unknown
>
>
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