LETTER TO THE EDITOR
Posted August 29, 2020
Our Governor is promoting his tax amendment as a fair tax. It really is the opposite. Let’s look at some examples:
If you earn $25000 a year and pay a 7% flat tax, you will owe $1750 in taxes.
If you earn $100000 a year and pay 7% flat tax, you owe $7000 in taxes.
So, higher earners already pay more taxes. The fact that everyone pays the same percentage rate is actually what makes this the fairer tax. As your income rises, so does your tax amount.
Don’t let the misleading ads on TV convince you otherwise. If nothing else, I just don’t trust the politicians when it comes to future tax increases and this so called “fair tax” will allow legislators to increase taxes more easily. I’d be more inclined to support an amendment for controlling spending.
I’m voting NO on the tax amendment and I hope you will too.