It’s a wild idea that I’ve been giving serious consideration to: abolishing income tax for Massachusetts residents. My friend Michael posted a link this morning to the article from the New York Times outlining both sides of the proposal. In my opinion, the journalist seemed to favor voting “no,” however, emphasizing the negative responses from the people he interviewed.
Those who are against the proposal fear the loss of income to the state would worsen our financial crisis.
Those who support the proposal seem to view their vote as mostly symbolic, expressing their anger at government waste.
How would saving “the average taxpayer about $3,600 a year” a loss of about $12.5 billion a year, “roughly 45 percent of the state’s budget of about $28 billion” actually affect Massachusetts? Would schools suddenly shut down, hospitals and police crumble? Or would those things that make our state function–unnecessary jobs and wasteful goods–be organically pared away?
My only caveat about this proposal–“Question 1” on the ballot–is the possibility of higher property taxes. Depressing.
Funny thing that I didn’t realize is that seven states do not impose income tax, among them New Hampshire. Makes you wonder, if these states can manage without individual income tax, why can’t Massachusetts?