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Life & taxes

April 15, 2008 - Rob Weaver
Benjamin Franklin is credited with stating the only things certain in this world are death and taxes. For some 6 billion people alive on the planet today, the death part of that statement remains to be proven.
But -- today, especially -- the other half of the claim seems accurate.
The difference is, death is definitive; taxation comes in varying amounts. Monday, the day before Tax Day 2008, two Ohio House members introduced a measure to scale back taxation over a period of 10 years.
Republican representatives John Adams and Thom Collier introduced House Bill 534, which would phase out the state's personal income tax in 10-percent increments beginning in 2010.
The bill has 17 co-sponsors, all Republicans, including Jeff Wagner of Melmore.
It will be interesting to monitor the fate of the bill. I'm guessing the bill will die, or projected revenue losses would be offset by increases in other taxes. That seems certain.

 
 

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