Unclear On the Concept

Proving yet again that membership in Mensa is not a requirement to be elected to public office is Arkansas Representative Don House. He wonders why truckers would prefer to license their vehicles in Oklahoma for $51 instead of in Arkansas for $6,380. What a mystery. We should convene a special session of the legislature to figure that one out. Oh, that’s right. That’s what they did in Little Rock.

This is a perfect illustration of why I never worry about having a career. Whenever the issue of replacing the income tax with a sales tax comes up, people very sincerely wonder what I will do to make a living. Money is money. People will still use creative accountants to help them save thousands of dollars in sales taxes, just as they do for income and estate taxes.

KMK

Taxing The Web

Here’s another look at the attempt by States to tax sales over the Internet. Obviously, with their fiscal problems, they are now much more motivated to implement something like this “simplified” system than they were a few years ago, when capital gains taxes were rolling in and they had plenty of money.

KMK

Higher State Taxes On The Way

This isn’t news; but another warning that most of the states will be looking for all kinds of ways to increase their tax revenues. Depending on which types of taxes are increased where you live (income, property, sales, etc), it might be a good time to re-evaluate where you want to make your tax home.

KMK