tatest
Oklahoma Green Country
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Joined: 05/14/2005
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I have not yet seen any depth to that proposal, e.g. details of plans to make up the revenue loss. Almost any place they would go to make up the difference would increase the tax burden for lower income residents, including most of us retirees.
As far as it goes for attracting business, I don't see it. Income tax on employee wages has little effect on cost, and the state already has incentive programs for corporate income taxes. Whatever taxes have to be raised to compensate would also be a cost to companies moving in. Are they hoping a CEO would move his company into the state to make his personal income tax lower?
Tom Test
Itasca Spirit 29B
2001 Ranger Edge
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westernrvparkowner
montana
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Joined: 11/29/2008
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mowermech wrote:Montana State Constitution;
Article VIII
Section 16:
Limitation on sales tax or use tax rates.
The rate of a general statewide sales tax or use tax may not exceed 4%.
Yes, local option sales taxes may be instituted. BUT, only by a vote of the people who will be affected. At the present time, I don't know of any such taxes that are above 1%. These are present primarily in high-tourism areas, AFAIK.
Most of us will only accept a sales tax if the income tax is eliminated the instant the sales tax goes into effect. West Yellowstone Montana, lodging Tax of 7% (how is that different than a sales or use tax, I am not sure) Resort tax is 3% and is on most all purchases and is also added on top of the 7% lodging tax. Many other "gateway" communities also have the resort tax. The lodging tax is statewide. There are many ways to get around any law, if the lawmakers want to.
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Bumpyroad
Virginia
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Joined: 12/01/2005
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when I was looking into moving to Texas, I calculated it up that taxes on a $250,000 house would equal my current house tax and state income tax. then you had to add in a MUD tax also.
bumpy
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mowermech
Billings, MT
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Joined: 06/28/2003
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westernrvparkowner wrote:mowermech wrote:Montana State Constitution;
Article VIII
Section 16:
Limitation on sales tax or use tax rates.
The rate of a general statewide sales tax or use tax may not exceed 4%.
Yes, local option sales taxes may be instituted. BUT, only by a vote of the people who will be affected. At the present time, I don't know of any such taxes that are above 1%. These are present primarily in high-tourism areas, AFAIK.
Most of us will only accept a sales tax if the income tax is eliminated the instant the sales tax goes into effect. West Yellowstone Montana, lodging Tax of 7% (how is that different than a sales or use tax, I am not sure) Resort tax is 3% and is on most all purchases and is also added on top of the 7% lodging tax. Many other "gateway" communities also have the resort tax. The lodging tax is statewide. There are many ways to get around any law, if the lawmakers want to.
Hmmm... I did not know about those taxes. But then, I seldom, if ever, go to those kind of "tourist trap" places. If I do stop in one of them, it is just to buy fuel or grab a meal.
As for differences, a sales or use tax applies to all purchases, except prescription drugs and unprepared food (sometimes). Lodging taxes only apply to motel/hotel rooms and sometimes camping sites (that's why many of us residents stay away from such areas!).
As always, it is very simple: If you don't want to pay the taxes, don't go there!
CM1, USN (RET)
'94 Dodge 3500 4X2 CTD, 5 speed, 4.10 LS diff., Jacobs Rambrake, 275,000 Miles
'95 Tioga 29H Ford-based Class C
Daily driver: 2005 Jeep Grand Cherokee Hemi
Toad: 2006 Jeep Rubicon LJ
"When seconds count, help is only minutes away!"
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lbrandt
Springfield, MO
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Try this
http://www.kiplinger.com/tools/retiree_map/index.html?map=14#anchor
Larry & Ann Brandt
FIND US HERE
Where we have been
1999 NRV Tradewinds 7371, W/300 CAT. if it ain't a CAT it must be a dog
07 Jeep Liberty
Chipper & Sally Ann the dog's , Spookie & Patches the cat's.
MotoSat/F1/.74/117W/DW7000
400 Watts Solar
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jetboat
Arizona
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Joined: 12/08/2008
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Yap!! After living 20 years in Plano Tx. the no state tax was made up in property taxes,elect.trash/water,insurance. Were now living temp. in phoenix,and keep my retirement funds in texas so there not taxed.
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