New England Income and Sales Taxes

I was trying to figure out what's going on with my recently adopted state and it's high taxes. I have a modest home and pay nearly $6,000 in property taxes.  I have an old car and I pay another $177 a year for my tags. Our sales tax runs 5.5% and my income is taxed at 9%. Do the math... 20% of what I make goes to state and local taxes. Add that to the 15% self employment tax and the 21% federal income tax and the government gets more of my income than I do.

Tax competition between states isn’t theory and can be readily observed among states. New England is a awesome example of how tax policy hurts economies, New Hampshire is unique example. It's total revenue per person is on par with it's surrounding states yet is the only state with no personal income tax or sales tax.

At the same time, New Hampshire is also an outlier in economic performance. It ranks the lowest in the percent of population that is considered to be low income, the highest private sector share of personal income and highest household median income. The other states, especially Maine and Vermont, have had dismal economic performance in recent years compared to New Hampshire.

New Hampshire’s neighbors know this and have passed a few laws to model themselves after New Hampshire. In one area that New England states are acting on is the income tax. In past decade, All New England states, except Connecticut which actually implemented an income tax for the first time, have either kept their income tax the same or lowered it likely to get more in line with New Hampshire.

The sales tax can create or destroy economic activity too.  At the statewide level, businesses sometimes locate just outside the borders of high sales tax areas to avoid being subjected to their rates. A stark example of this occurs in New England, where even though I-91 runs up the Vermont side of the Connecticut River, many more retail establishments choose to locate on the New Hampshire side to avoid sales taxes. One study shows that per capita sales in border counties in sales tax-free New Hampshire have tripled since the late 1950s, while per capita sales in border counties in Vermont have remained stagnant or gone down.

So here is the rub. Property taxes in Maine are more than double that of Virginia Beach and nearly double that of Boston.  Income taxes are significantly more here as well. My question is are the schools in Maine that much better than say Virginia Beach?  Are the roads better?  Are the public services better? Does it really cost that much more to live up North than down South?  There are 39 states with lower over all taxes than Maine. New Hampshire seems like it would be the lowest, having no income or sales tax, but there are 29 states with lower overall taxes than them.

That's my point. New Hampshire has figured out how to raise needed revenue without hurting their economy.  New Hampshire has found a way for everyone to pay their fair share not just the rich and the results are starting to compound. I would suggest that they eliminate the state corporate income tax and create a sales tax but that's my opinion based on years of studying tax structures and what works and what doesn't.

I will most likely die before I see meaning full tax reform. But when I first heard the idea of a National Retail Sales tax (piggy backed on the 46 states who currently have one) replacing the income tax I knew it was an idea that just made fundamental common sense. An idea who's time has come!

*Please visit taxfoundation.org

Hillary Clinton's Health Coverup

Disclaimer - I want to vote for a Republican but I'm finding it nearly impossible to vote for Mr. Trump.

After watching the second debate I noted that Hillary again looked great and I wondered where the health rumors were coming from so I started to do my own research and I've discovered Hillary Clinton absolutely has a serious health problem and although it's clear that the public is just guessing those closest to her know what it is.

My belief that Hillary Clinton has a serious medical issue is primary based on video clips that are readily available on the internet and number of medical problems actually reported to the press over the last twenty years.  The most recent 911 memorial collapse, her odd response during the balloon drop at the conclusion of the DNC convention and the crazy head bob while answering a reporters question June 10th, 2016 have convinced me something isn't right.

My belief is also based on her repeated episodes of collapsing due to dehydration, exhaustion, walking pneumonia, etc... and then seemingly being fine shortly afterwards is more indicative of an underlying neurological disorder rather than illness. Based on her lengthy congressional testimony and her looking absolutely great during the debates I doubt that her condition would preclude her from being able to serve as president but I think the voters have a right to know the truth.

On January 31st, 2005 in Buffalo, NY then Senator Hillary Clinton was scheduled to give a speech on Social Security positioning herself to make a run for president. Just as she started, she collapsed.

Hillary Clinton did not go to the hospital and no ambulance was called. "She received immediate medical attention at the site and is now proceeding with her schedule as planned," said Philippe Reines, Clinton's press secretary at the time and current Donald Trump debate prep impersonator.

This was one of Hillary's first documented total collapse and subsequent quick full recoveries without being hospitalized which leads me to believe those closest to her know what her condition is and know how to treat it.

Sometimes the truth hides in full sight. If you're sick enough that you faint it usually takes more than an hour for you to be looking great again and yet this is exactly what has happened repeatedly to Mrs. Clinton.

My belief is Secretary (soon to be President) Hillary has an underlying medical condition which she has been lying about for years, going back to her potentially fatal blood clot in 1998 which she even hide from her staff.