Carlin: Wall Street Owns Washington

Why All U.S. States Should Eliminate The Income Tax


Louisiana Governor Bobby Jindal, Nebraska Governor Dave Heineman, and Kansas Governor Sam Brownback have all called for their states to eliminate their income tax and replace it with a sales tax over the past week. They were joined yesterday morning by North Carolina, where the Senate President Pro Tempore, Phil Berger, confirmed the legislature and the Governor, Pat McCrory, would pursue serious tax reform this session. Indeed, a senate proposal being crafted into legislation includes a repeal of North Carolina’s personal and corporate income taxes along with an expanded sales tax.

If North Carolina, Louisiana, and Nebraska are successful in eliminating state income taxes, they could provide the momentum for a nationwide trend.

(Excerpt) Read more at forbes.com …