Posted by taxguru on November 8, 2002
The Wrong Path
I hope this story isn’t true about growing popular acceptance in Tennessee for an income tax. While it is being sold with the idea of an offsetting reduction in the sales tax, that won’t last long. It won’t be long until the sales tax rates are back up. Of course, by then the income tax will have become a permanent fixture and removing it an impossibility. There is no such thing as a temporary tax. It is also true that any tax that starts off small will grow. Let’s hope the people of TN can resist the siren call.
KMK
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