April 23, 2009
Union Leader Article by Ted Gatsas
“Let’s look at the trial balloons. Currently, the state has an interest and dividends tax of 5 percent. The House has added to that a 5 percent tax on capital gains, an 8 percent death tax and a 10 percent gambling winnings tax. The interest earned on your savings account, your capital gains, your inheritance and gambling winnings are income; therefore, to tax any of them is to introduce an income tax. Let’s call a spade a spade and admit that the state is taking a back-door approach and instituting an income tax.“
Also, we refer you to TWO studies which prove that wherever an income or sales tax has been instituted, it has NEVER resulted in lower property taxes.
Yankee Institute (Conn) – Fifteen Years of Folly [1.8MB]
Atlantic Institute (Vt) – A River Divides It