Today 9:42 am
How is it a state sales tax is more expensive? Hard to trace in cash transactions and that is why ruling elites want a cashless society.Cannonpointer » Yesterday, 8:42 pm » wrote: ↑ The MO sales tax is among the nation's lowest at 4.23. A 38% increase would bring it to 5.84.
Another penny and a half on the sales tax, and no more state income tax?
State income tax is more expensive for the state to collect. Sales tax is ALREADY being collected, so raising it won't cost the state a penny. But ceasing to collect income tax will save the state a lot of money.
Additionally, travelers through and tourists will be paying that sales tax. Having YOUR state funded in part by folks from OTHER states should make you very happy.
The sales tax requires no privacy loss, no ratting yourself out, no paying a book keeper. You pay anonimously.
Cheap to collect; easy to lay on foreigners; not requiring loss of privacy; not incentivizing citizens to lie to their government - that's sales tax. You should be thrilled to get rid of the state income tax. It incentivizes criminal lying, it violates your privacy, and it costs your state a ridiculous amount of money while providing relatively little. It's a bad deal, and good governments try to avoid bad deals on behalf of their people.
State income tax is simply bad government. It is inefficient and stupid. Sales taxes are far more efficient.
Technology traces everything traded with social value added taxation.
^0 years ago there used to be a joke government would figure out a way to tax the air people breath and they have with the EPA.