I got the Oklahoma Economic Report from State Treasurer Ken Miller. He didn't like personally give it to me, it got emailed because I signed up for it. I don't want you thinking I'm that connected as a Republican! He wrote a nice little article about the tax structure and even gave some graphs and charts. When you look at it is very noticeable that the two biggest areas of taxes are Personal Income Tax and Sales Tax. Together, those two account for over 72% all tax revenue. Treasurer Miller alludes to the need for more balance in Oklahoma's tax structure. He mentions two different studies, one conducted by Governor Keating in 2001 and one by Governor Fallin a decade later. Both alluded to a new revenue stream and Fallin's study mentioned offsetting the loss of revenue by eliminating credits and exemptions. Which there is talk of but doesn't seem to be any genuine interest from the legislature.
What has always bothered me about Republicans, and I say that as one and also just about those that I have talked to or read articles from etc., is that they want no taxes or hate any that come up. The bottom line is government is created and needed to perform some basic functions. Providing for schools, public safety, health, protection. You have to have those services. I can be biased, but I believe one of the major contributing factors in America's long standing tradition of being a world power and innovator, revolves around its public education system. You have to have a way to pay for paved roads, prisons, health care, child issues. The only way to me for individuals who so hate taxes to not pay taxes is for it to fall on somebody or something else. One of those would be businesses. Corporations are responsible for 5.5% of all revenue. Gross production is 5.9%, which is in my opinion a tax that is considered a business being taxed. The other two
While I do believe the government could trim areas that they support that do not fall under a basic need I think the most reasonable way to address tax relief on the common taxpayer is to have businesses pay a little bit more of the share. Which is interesting in my conversation with Republicans, because that is always a no go. They seem to lay down at the feet of business. It creates quite a problem.
I think the state really needs to look at the way it treats businesses. No you can't tax them to where they can't afford workers. There does have to be since from businesses to support the greater good. The business also can't thrive if individuals don't have the money to spend on services
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