Tuesday, August 5, 2008
With the massive fraud and waste of the Big Dig, and scandalous public pensions, it's not unthinkable that Massachusetts tax payers could just vote out the state income tax altogether: Boston Tax Party
...The referendum may seem the longest of long shots in a state represented by some of Congress's biggest spenders. But the same initiative was on the ballot in 2002, and though the political establishment roared with laughter through Election Day, the measure got 45% of the vote. This time pro-tax forces such as the Massachusetts Teachers Association are planning to spend millions of dollars warning of Armageddon.
They have cause to be worried. A Fabrizio poll for Citizens for Limited Taxation discovered that the average Massachusetts voter believes that 41 cents of every state tax dollar are wasted. Coincidentally, that's the share of the state budget funded by the income tax. One big drain is a pension program that doles out billions each year to double-dipping pensioners and state workers retiring at taxpayer expense in their late 40s or 50s.
Nine U.S. states have no income tax, including such economic climbers as Florida, Nevada, Tennessee and Texas. These states are doing fine funding schools, hospitals and police without the income levy. Over the past decade 330,000 Massachusetts residents have packed U-Haul trailers and left -- more than have even fled Michigan -- and many have gone to no-income-tax New Hampshire...
it could happen.