Quote:
Originally Posted by fatlazyless
It has crossed my mind that the New Hampshire taxing system is basically a system that shelters the bigger earners from paying their fair share because NH has no state income tax and no state short or long term capital gains tax.
|
This reminds me of the old saying, the only fair tax is one that taxes the other guy. Sheltering the bigger earners attracts them to NH - and raises the standard of living for everyone. Bigger earners have the money to support local businesses, making sure that walmart isn't the only choice we have. If you start talking "fair share", then it opens up other questions of fairness, such as why the gas tax is constant for all, or why childless couples have to pay the school tax. Why not a 'flat tax' - that seems fair. I'd rather not see NH ratchet up socialism and possiblly damage the state culture that values hard work by keeping its hands off your money.