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Writer, re Payroll Tax: Income taxes are sticky, live forever

Personal commentary
Writer says payroll tax of 1% means 2.45% decline of income for community

Mohammad Pourheydarian writes:
Using Paul Patton's multiplier of 2.45 for Kentucky and ignoring the balance budget multiplier a 1% income tax increase means 2.45% decline of income for the community. Income tax is sticky upward, once it is established you can not get rid of it. Instead a tax increase establishing a higher educational expectation goes a long way in improving the living standard. Simply speaking people are much more efficient in using their hard earned money than government. In today's competitive environment it is too risky to increase taxes and push away prospective businesses. - Mohammad Pourheydarian
Comments re article 69762 Steve Warren Proposed payroll tax not best approach




This story was posted on 2014-09-17 00:13:55
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