The recent unveiling of Budget 2010 saw a proposal to lower income tax by 1% for top income earners. I find it laughable that some people see this as a “goodie” for the masses but let’s be frank, how many of us earn that much to be taxed to the maximum to enjoy this goodie?
Did you know that if we lived in Las Vegas, we do not have to pay income taxes at all? I found this information on the website of a Las Vegas CPA firm. The reason that there are no city or state income taxes is that Nevada earns enough tourist dollar from the casinos and other attractions.
Well, of course I am not hoping for 0% income tax even though we also have casino and race courses but I think that seeking lower income tax across the board is reasonable. Don’t you think so?