Monday, February 4, 2008

Please, tax me more

The State of Wisconsin "may not" tax rebate checks from the Federal government.
If the federal government provides tax rebates to stimulate the sputtering economy, the state likely won 't tax them, an official said Friday.

Jessica Iverson, a spokeswoman for the state Department of Revenue, said agency officials haven 't made a final determination not to tax the federal tax rebates if they 're issued by Congress.

But she pointed to the 2001 federal rebate checks of up to $600 that weren 't taxed by the state as precedent.

"It does appear, based on the information we have now, and based on how rebates have been structured in the past, these rebates wouldn 't be taxable in Wisconsin, " Iverson said.
I'm sorry, what? They "likely won't tax them." Oh gee, how considerate of you!

Think of the message that sends. While President Bush and unbelievably, the empty heads in Congress agree to stimulate the economy by giving a little back to those earning between $3,000 and $75,000 (Yay, that's me!), Wisconsin seems to believe they can use that as an opportunity to take more money AWAY from its good, tax-paying residents. What an unbelievable disconnect between the Federal Government and the State. Gives the Tenth Amendment a whole new meaning!

Can Congress please do us a favor and add an amendment to this little gift that the states have ZERO authority to even consider taxing these rebates? It should not even be an option.

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