Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So you are saying that New Mexico doesn't have a food tax? What about the county tax. Like where I am living we have a 9 percent tax. Does that mean I would pay 9 percent on all non food items but no tax on the food items? If so, I'd sure like that.
It would have raised an additional $68 million for our state. We did get several tax raises, including one that will increase the average state tax liability by about $200 pp ( by taxing itemized federal tax deductions, grrrrr ) , an increase of .125 on the gross receipts tax, increase the cigarette tax by .75 per package ( quit whining, just stop smoking ) , and a few other things.
Frankly, I don't think he did enough to take into account that the economy is not going to boom in the next couple of years.
It would have raised an additional $68 million for our state. We did get several tax raises, including one that will increase the average state tax liability by about $200 pp ( by taxing itemized federal tax deductions, grrrrr ) , an increase of .125 on the gross receipts tax, increase the cigarette tax by .75 per package ( quit whining, just stop smoking ) , and a few other things.
Frankly, I don't think he did enough to take into account that the economy is not going to boom in the next couple of years.
He's outta here though.
But if everyone just stopped smoking, then it would be onto some other mandated government vice: alcohol (just stop drinking) junk food (just stop eating it), or whatever else the government deems unhealthy or inappropriate. And this is from someone who has never puffed on a cigarette in his life.
I think this governor would be better served by following the lead of New Jersey's new governor Christie: enough with the taxes during a recession. It's time to start reducing the size of state, county and municipal government, either through attrition or program reduction. The Medicaid budget in this state is 21% of the entire outlay. That needs to have an axe taken to it, in my opinion. Stop raising taxes on individuals who are successful, and instead reduce the cost of operations, and entitlements. That will never happen though, because truthfully, most people don't want that: they don't think this way. They'd rather have something for nothing. But in the end it really does amount to something, and 70 years of freebies and centralized bureaucracy are really now starting to bite this country in the ass. This is hitting the states, and each state is now handling debt in their own way. Most of the states are trying to raise taxes even more, but I am not so sure there is an appetite for it. In New Mexico, I think there's more tolerance for higher taxes, but we shall see.
Last edited by mike0421; 03-26-2010 at 09:23 AM..
Reason: spelling
So you are saying that New Mexico doesn't have a food tax? What about the county tax. Like where I am living we have a 9 percent tax. Does that mean I would pay 9 percent on all non food items but no tax on the food items? If so, I'd sure like that.
NM had a tax on food until 2005. Richardson got rid of it at that time.
It's one of the few things he's done right for this state.
So you are saying that New Mexico doesn't have a food tax? What about the county tax. Like where I am living we have a 9 percent tax. Does that mean I would pay 9 percent on all non food items but no tax on the food items? If so, I'd sure like that.
Yes food items are not taxed. The county/cities receive rebates from the state government for the revenue they lose because the GRT does not apply to food.
That said it is a GRT (Gross Receipts Tax) not a sales tax, so while food isn't taxed, anything else attributed to a companies profit is (all services provided not just final goods), unless of course you can get a special exemption.
So you are saying that New Mexico doesn't have a food tax? What about the county tax. Like where I am living we have a 9 percent tax. Does that mean I would pay 9 percent on all non food items but no tax on the food items? If so, I'd sure like that.
yep Debbie, NM doesn't have a food tax except, of course the restaurant tax which I think all states have. Here in AR we down to 3% on food. There is still some places in the country that do not charge tax on necessities or charge very little.
NM had a tax on food until 2005. Richardson got rid of it at that time.
It's one of the few things he's done right for this state.
Cathy, it is amazing how good minds think alike..
Nita
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
- and thanks Gov. Richardson
