Letter: A fairer tax plan
Re “What’s our tax plan? So glad you’ve asked!” (Monitor editorial, Aug.9):
Readers of the Monitor might be relieved that your editorial board is not alone in advocating a state income tax. There are those of us residents of New Hampshire with income that actually prefer to be straightforward and stop funding state services with nickel and dime nuisance fees and camouflaged taxes. Let’s be up-front that state services cost so much, and here is your share of the bill.
In actuality many of us Granite Staters are already paying an income tax, but it is labeled a tax on “just” interest and dividends. For retirees, however, interest and dividends make up a significant portion of total income. Thus continues New Hampshire’s tax structure that, along with the statewide property tax, falls disproportionately on those less able to have the wherewithal to ante up for government services.
Yes, our current governor, like so many before her took, the “Pledge.” Adhering to the Pledge installs a substantial handicap in doing things right. With the forecasted revenue from casino gambling now unlikely to happen, I’d say that the governor has a valid reason to abandon the Pledge and agree to sign an income tax into law.
While I am for a state income tax, I am against it adding to the cost of compliance. The New Hampshire tax return should be no more than one line: “Our federal income tax shown on line 61 of our IRS Form 1040 is $__ thousand; 2 percent of that is $__ hundred, which is enclosed.”
Onward to fix all the bridges!