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Old 05-06-2014, 11:00 PM
 
Location: St. Louis
7,442 posts, read 6,961,461 times
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Missouri Legislature overrides Nixon's tax cut veto : News

...good work.
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Old 05-08-2014, 08:33 AM
 
12,282 posts, read 13,162,020 times
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Originally Posted by MUTGR View Post


Why is it good work?


Missouri House/Senate Overturns Governor Veto - Historic Tax Cuts Approved


What the hell do you expect from Republicans? A tax cut worth millions (0.5% of a lot is a lot) for the rich and a pittance for the people on the bottom is not surprising.
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Old 05-08-2014, 09:55 AM
 
Location: SW MO
662 posts, read 1,220,558 times
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Versatile, this is good work by the General Assembly. High-tax states drive away private business and the jobs that go along with them to lower-tax states. Look at SD for example. There is a very good economy, low unemployment, and lots of growth and no state income tax whatsoever. How about IL? High taxes, high unemployment, businesses are leaving. You end up with the vast majority of the people left in the area being the dole takers and the state goes bankrupt. Detroit is a great example of the end-game of the high-tax, high-welfare policies on a smaller scale.

Also, do the math. The income tax rate itself increases as the amount of taxable income increases because of the "progressive" income tax bracket system. It's not a linear increase; you pay more than twice as much in taxes when you earn twice as much income. Thus reducing taxes will obviously result in people who paid a lot more getting to keep a larger total amount than people who paid much less. But remember the people who earn more STILL pay a much higher percentage than people who earn less, if the low-earners even pay any taxes at all.
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Old 05-08-2014, 10:28 AM
 
Location: St. Louis
7,442 posts, read 6,961,461 times
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Quote:
Originally Posted by Versatile View Post
Why is it good work?


Missouri House/Senate Overturns Governor Veto - Historic Tax Cuts Approved


What the hell do you expect from Republicans? A tax cut worth millions (0.5% of a lot is a lot) for the rich and a pittance for the people on the bottom is not surprising.
What FLYover said. More simply, allowing Missouri taxpayers to retain more of their earnings is always a good thing in my book. It's also not easy overriding a governor's veto to do it, so that's a win-win in my book.
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Old 05-08-2014, 03:27 PM
 
583 posts, read 775,222 times
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Quote:
Originally Posted by Versatile View Post
Why is it good work?


Missouri House/Senate Overturns Governor Veto - Historic Tax Cuts Approved


What the hell do you expect from Republicans? A tax cut worth millions (0.5% of a lot is a lot) for the rich and a pittance for the people on the bottom is not surprising.
Have you even look at the Missouri tax bracket or are you just spouting off on something you know nothing about. The top rate starts at only $9,000. This is a tax cut for everyone. Sorry if you don't thinks its fair to evenly apply a tax cut, or maybe the state government should just start paying people to not work.

What do you expect from a liberal, stealing other peoples money in the name of wealth redistribution. How immoral can you get.
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Old 05-08-2014, 08:49 PM
 
Location: Tippecanoe County, Indiana
26,374 posts, read 46,227,302 times
Reputation: 19454
Quote:
Originally Posted by Flyover_Country View Post
Versatile, this is good work by the General Assembly. High-tax states drive away private business and the jobs that go along with them to lower-tax states. Look at SD for example. There is a very good economy, low unemployment, and lots of growth and no state income tax whatsoever. How about IL? High taxes, high unemployment, businesses are leaving. You end up with the vast majority of the people left in the area being the dole takers and the state goes bankrupt. Detroit is a great example of the end-game of the high-tax, high-welfare policies on a smaller scale.

Also, do the math. The income tax rate itself increases as the amount of taxable income increases because of the "progressive" income tax bracket system. It's not a linear increase; you pay more than twice as much in taxes when you earn twice as much income. Thus reducing taxes will obviously result in people who paid a lot more getting to keep a larger total amount than people who paid much less. But remember the people who earn more STILL pay a much higher percentage than people who earn less, if the low-earners even pay any taxes at all.
No one wants to live in South Dakota or prefers to live in South Dakota with the exception of the Black Hills region (Rapid City) area, but most jobs there are very low wage. Sioux Falls is just about the only city of any size in town, and the STATE of South Dakota also holds the dubious distinction of paying teachers the lowest salaries of any state in the country. Sioux Falls mostly benefits due to the favorable usury laws (credit card companies) as well as financial companies being there as well..
There has to be a model in between the two extremes that feature low tax, low service, low amenity, low quality of life states and the high tax, high cost of living, high service, high quality of life states.
Illinois ranks consistently high in surveys of people living there that would like to move out of the state. Wisconsin, on the other hand, has a lower percentage of residents that would prefer to move to another state. It has to do with the fact that Wisconsin has a higher quality of life and has more desirable components and features that people like compared to other states, with a somewhat lower tax burden than its near neighbors, Illinois and Minnesota/.
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Old 05-08-2014, 10:14 PM
 
Location: SW MO
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Originally Posted by GraniteStater View Post
No one wants to live in South Dakota or prefers to live in South Dakota with the exception of the Black Hills region (Rapid City) area, but most jobs there are very low wage.
Not quite. South Dakota ranks as the tenth fastest-growing state according to the Census Bureau (North Dakota is Nation's Fastest-Growing State Since 2011 - Population - Newsroom - U.S. Census Bureau). The fastest-growing area in the state isn't in the Black Hills region (mainly falling in the very weirdly-shaped Pennington County) but actually Lincoln County which comprises the southern part of Sioux Falls. That county has ranked in the top 10 fastest-growing counties in the nation in the past decade.

As far as low-wage jobs go, not quite either. The annual family income of South Dakota is within a few percent of the national average despite the cost of living in South Dakota being only about ~80% of the national average (City-Data figures.)

Quote:
Sioux Falls is just about the only city of any size in town, and the STATE of South Dakota also holds the dubious distinction of paying teachers the lowest salaries of any state in the country. Sioux Falls mostly benefits due to the favorable usury laws (credit card companies) as well as financial companies being there as well.
Healthcare is actually the largest industry in Sioux Falls. There are two competing large oligopoly multi-state integrated health systems and their flagship hospitals, corporate offices, and ancillary services located there. The local economy certainly does benefit from having a favorable tax structure, which is reflected in the ~3% unemployment rate and the large number of "now hiring" signs seen everywhere in town.

Quote:
There has to be a model in between the two extremes that feature low tax, low service, low amenity, low quality of life states and the high tax, high cost of living, high service, high quality of life states. Illinois ranks consistently high in surveys of people living there that would like to move out of the state. Wisconsin, on the other hand, has a lower percentage of residents that would prefer to move to another state. It has to do with the fact that Wisconsin has a higher quality of life and has more desirable components and features that people like compared to other states, with a somewhat lower tax burden than its near neighbors, Illinois and Minnesota/.
It's not as easy as saying that high taxes == high quality of life. You cite Illinois which is a great example of that NOT being true. Illinois has very high taxes and yet you correctly state that many people want to leave. Illinois (especially Chicago) also has some of the most restrictive gun laws in the nation and has massive welfare programs. It should be the liberal paradise where everybody has a high quality of life, yet lots of people want to leave. They want to leave because the expense of high taxes and the lack of jobs due to the taxes as well as heavy regulation make for a miserable existence there. Wisconsin is a good example of a state doing better because they rolled back some of their taxes and regulations, despite a massive uproar from the left. The left tried (and fortunately failed) to recall Scott Walker after he campaigned to make the state right-to-work and cut a lot of the welfare programs, eliminating the budget deficit and giving the excess money back to the taxpayers. That sure sounds like moving to more freedom and less taxes is the way to go for a better quality of life.

Personally I think the extremes are on one hand having so little funding that you have bad roads everywhere and schools packed with 40+ kids per classroom and on the other hand very high-tax, low-freedom areas like IL/NY/CA. The right mix between taxes and services would be about where SD currently is. The roads are fine despite being well into the Snow Belt (most roads get essentially completely redone every few years), the schools where I live are quite good (few send their kids to private school), the taxes are minimal, and the economy is great because of it. The thing that SD lacks is a big welfare system and a huge number of government employees with high salaries like IL has but there certainly isn't any real visible lack for not having it.

Also don't discount weather and topography either. A lot of IL looks like a lot of IA as it's largely flat and treeless. Wisconsin has hills and trees and lakes, although the winters suck (lived there too for a few years.) Eastern SD likewise isn't terribly pleasant to be outdoors most of the time as it's flat, treeless, nearly always windy, and there's 7 months of winter. California likely only has 50-some-odd million people because the weather in the southern part of the state is absolutely great- who would put up with the traffic, crazy laws, and the high cost of living if it weren't beautiful? Missouri is actually pretty lucky as it has favorable topography and the weather isn't very bad for any prolonged time period. That played a fairly large role in my moving back to MO; I certainly didn't come back because I missed paying income tax. At least the General Assembly is moving in the right direction on that issue...
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Old 05-09-2014, 06:30 AM
 
Location: St. Louis
7,442 posts, read 6,961,461 times
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Quote:
Originally Posted by GraniteStater View Post
No one wants to live in South Dakota or prefers to live in South Dakota with the exception of the Black Hills region (Rapid City) area, but most jobs there are very low wage.
You speak with authority on what everyone thinks about living in South Dakota? Your post loses credibility when you start with ridiculous absolute statements you can't possibly back up.
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Old 05-09-2014, 07:56 AM
 
Location: SW MO
662 posts, read 1,220,558 times
Reputation: 695
Quote:
Originally Posted by MUTGR View Post
You speak with authority on what everyone thinks about living in South Dakota? Your post loses credibility when you start with ridiculous absolute statements you can't possibly back up.
...especially when he's talking to somebody who has actually lived there, like me
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Old 05-09-2014, 08:04 AM
 
12,282 posts, read 13,162,020 times
Reputation: 4985
Quote:
Originally Posted by nealrm View Post
Have you even look at the Missouri tax bracket or are you just spouting off on something you know nothing about. The top rate starts at only $9,000. This is a tax cut for everyone. Sorry if you don't thinks its fair to evenly apply a tax cut, or maybe the state government should just start paying people to not work.

What do you expect from a liberal, stealing other peoples money in the name of wealth redistribution. How immoral can you get.
Go eat some mushrooms. Act like an adult.

I fear that Mo is going the route of Ks and we easily see where they are coming up short on the budget.
Tell me we are not.
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