GOOD News About TAXES?
Recommendations for a 5% income tax plan are being carefully evaluated. They say that there will be some people who pay a bit more and some who pay a bit less. Rep. John Dougall anticipates a single bill which includes the income tax and the food tax changes. Most agree that the state and local tax should be removed from food. But the two reforms go hand in hand. I think it would be awesome to eliminate some tax and give the consumer an advantage in spending power but I also fear the effects of what will happen to our income taxes. I don't have a full understanding of what it all means. Maybe somebody could help me out......?