Tax Guru-Ker$tetter Letter

Thursday, September 12, 2002

State Tax Problems

Victor Canto has an interesting look at the revenue shortfalls most State governments are facing and how they are poised to compound their problems by trying to raise tax rates rather than cut back on some of the spending programs that were established when their idiotic financial forecasters predicted an endless stream of increasing tax dollars for all time.

He also points out a very interesting observation. The states without a personal income tax have had either a much smaller decline in revenues and/or a slight increase.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/12/2002 06:54:00 PM Send this post: