Saturday, May 07, 2005

Texas will soon be Taxus


A few years ago the State of Texas passed something called the Robin Hood plan whereby the more affluent school districts would have to share their property taxes with the poorer school districts. The plan was a sham from the beginning and has been ruled unacceptable. In their rush to find some other “fix” the current crop of lawmakers has been busy dreaming up ways to get their hands on more money.

There are as many schemes being voiced as there are lottery tickets being sold at the local “Stop and Rob”. From nearly every corner of the room you can hear the war cry, “We need more tax money to Save our Children’s Education”, “More taxes are needed to Save the Public School System”. In the first place they should have figured out by now that more money being shoveled into the public school system hasn’t helped in the past, what makes them believe that it will help now? Maybe they already know this and the battle cry for more tax money is only a means to a different end. Can you say, “Wealth Redistribution”?

Lt. Gov. David Dewhurst and the Band of Thieves in Austin have drawn up several elaborate plans to obtain gobs of Tax Money, one way they all seem to agree on would be to institute a hidden Income Tax. I know, it’s not Really an Income Tax unless it shows up on a pay stub of the worker, at least not yet. The way this plan would work is that the evil corporations or businesses would be the ONLY ones who have to pay a tax based on Payroll, and then it would only be 15% of Payroll. Sounds like an Income Tax to me; maybe Lt. Gov. David Dewhurst, and the rest of the Band of Thieves in Austin have never had a short sheeted bed, yep Partner, that would explain it.

According to the article in the Houston Chronicle, “Lt. Gov. David Dewhurst lashed out at law firms and businesses that take advantage of the existing loopholes for being unwilling to pay their fair share of public education.” The loophole referred to is directed at small corporations that earn less than $100K yearly and avoid paying a $1,500 franchise tax. The loophole was instituted to promote the opportunity for growth of small business with the understanding that when those business prospered they would then be subject to the yearly franchise tax. By the way, why should the State be in the business of “granting” franchises to begin with? It’s not like they owned the Kentucky Fried Chicken name, or the McDonald name and could sell the user right to it. I should be proud to have my business here in Texas; forgive me oh great ones.

No comments: