On 3/27/02 12:14 PM, "Bryan Caplan" <[EMAIL PROTECTED]> wrote:
> > How did that work? Did you have to save every receipt for every taxed > item you bought? > Two ways: You could save all of your receipts and add them up at the end of the year or you could take a standard deduction based on your (I believe) adjusted gross income. > > "States" meaning political leaders, right? Do you think the typical FL > or TX citizen knows about this? Wouldn't one of the deciding issues be how much of your revenue generated through a sales or other tax is paid by outsiders? Florida generates so much revenue through tourism (sales tax, airport tax, hotel tax, convention tax, Disney tax, rental car tax, etc.) that residents would probably be better off paying a sales tax than an income tax which only marginally lowers their federal tax bill--they only pay a relatively small portion of sales tax revenue and necessities like food items are excluded. Texas on the other hand, receives a lot of money through the oil industry, at least historically. Corporate income taxes (i.e., revenue generated from outsiders) paid most of the government revenue in Texas. Mark Steckbeck
