I was thinking about Referenda C and D today. I found out that it's not an income-tax issue. It's a sales-tax issue.
I've heard the analogy. It's like a bartender, who charges $3 for a beer, you give him $5 and he says he'll keep the other $2. Except that that's a flawed analogy.
It's really like a bartender charges $3 for a $3 beer, but who's limited to a certain profit limit. The next day you come in, and he has to give you back 30 cents because he made too much profit. The $3 price was legitimate, but too many people bought beer, and so he can't keep the extra money.
The thing is, the state collects these taxes, and legally. But people seem to be spending more money (and therefore paying sales tax on these purchases) than the state is permitted to collect. Those pesky buyers! Referenda C and D would let the state keep those sales taxes, spend them as appropriate, and then report back to the taxpayers on how they spent that money.
Sounds legitimate to me.
Thursday, October 13, 2005
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