Despite What Everybody Thinks, Tax Is Not a Four Letter Word

Despite What Everybody Thinks, Tax Is Not a Four Letter Word

The Policy Institute of Montana issued a report recently calling for higher taxes through a more progressive system. The report is titled "Tax is not a Four-Letter Word: Ideas for a More Progressive Taxation System in Montana." The Institute would like to raise income taxes on the wealthy (above the current 6.9 percent top rate). It would like to eliminate corporate tax havens, repeal the oil and gas tax holiday, and raise the tax rates on mineral royalty holders. It would also like to reduce property tax assistance for wealthier homeowners.

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... [T]he Institute seems much more concerned about sticking it to the rich than providing relief to the poor.

For example, the Institute calls for the state to adopt mandatory world wide reporting. In this age of decreasing dependence on corporate taxes, no one is calling for mandatory world wide reporting.

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View TaxAnalysts' David Brunori's opinion in its entirety on TAX.com.

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Comments

Anonymous
Anonymous
  • 01-10-2012

"...to eliminate corporate tax havens, repeal the oil and gas tax holiday, and raise the tax rates on mineral royalty holders. It would also like to reduce property tax assistance for wealthier homeowners." ... [T]he Institute seems much more concerned about sticking it to the rich than providing relief to the poor. Guess the lawyers don't like the Institute sticking it to the rich since many lawyers are well off themselves! Seriously... property tax assistance for wealthier homeowners?! Montana should reform its tax code by stripping/repealing any BS to the wealthy, who already have money to deal with life's problems. It's everyone else that needs financial assistance!