The State Income Tax Repeal is also known as Massachusetts Question 1. It is an initiated state statute that will appear on the November 4, 2008 ballot in Massachusetts.[1]
If the measure passes, it will end the state's current 5.3% income tax on wages, interest, dividends and capital gains. If that happens, Massachusetts will join Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming in not taxing income. Two other states, New Hampshire and Tennessee, have an income tax, but only on interest and dividends.
Read more on this link here
The Boston Sunday Globe hosted the opposing views on the Opinion Page.
You can read the Yes side here
You can read the No side here
It will be BETTER than NH where we do have to pay on interest and dividends.
ReplyDeleteI just might move back!
True but if it does pass, there won't be anything worthwhile to move back to.
ReplyDeleteSending a message is one thing, doing it in an irresponsible way will only hurt more people.