Income Tax in Tennessee
Do you think the income tax is a good idea for Tennessee? First of all, the people have already spoken. The citizens of Tennessee have been very vocal about their opposition to an income tax for many years. Last year, late on a Friday afternoon, an income tax bill was presented to the General Assembly with a vote scheduled for the following Saturday morning. Thanks to Nashville talk radio, word of this maneuver spread to the people. By noon on Saturday, hundreds of Tennesseans honked
The horn honking continued on an almost daily basis for more than two weeks. The proposed budget this year has an 11% increase in spending. Why should they get an 11% raise? Did you? When they see that money is getting tight, most households look to see where they can trim their costs. Instead our government is planning on increasing spending. They think they can spend your paycheck better than you can. For years the State of Tennessee has used our "no income tax" status as an incentive to promote economic development in our state. People who own small businesses will not be able to hire as many people since they will have to pay more tax and do more paperwork. The state budget has increased at more than twice the rate of inflation and personal income over the last 10 years. their car horns while driving around the State Capitol, including several members of the Tennessee Taxpayers Coalition. Will businesses leave because of a new income tax? Third, it's the SPENDING, stupid. Right now the pro-tax forces are claiming that an income tax will only affect the rich.
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