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NOW THAT the Arkansas legislature has a Republican majority in both houses for the first time in more than a century, the odds are taxes will be cut. What’s more, a Democratic governor has already proposed reducing the state’s sales tax on groceries, long known as The Shame of Arkansas, from 1.5 percent to an eighth of a percent.

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Editorial, Pages 14 on 11/20/2012

Print Headline: How to change taxes

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  • JIMBOB47
    November 20, 2012 at 8:42 a.m.

    The TPP (tangible personal property) should be the first on the hit list to be removed. This is the most archaic tax around where you are continually taxed on something you already own and paid multitudes of taxes just to purchase it. Taxing like this falls in the category of a 'privilege' tax which should be unconstitutional - but obviously it isn't. Businesses suffer the most in Arkansas as they are even taxed on their inventory (only 7 states - Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Texas, and West Virginia still have this). Additionally, the TPP is the most difficult to administer (see 'appraisals' by any county office) and is certainly always subject to speculation and value adjustment by those who seek to gain more revenue.

  • Waterwizard
    November 20, 2012 at 10:03 a.m.

    Cutting capital gains would not help low/middle income because they generally do not have investments that pay capital gains. A five year moratorium on income taxes for new residents of the state? Absolutely not! Unfair to those who have invested their entire lives and generations of their family in Arkansas. I am liking Jimbob47's idea of cutting/eliminating personal property taxes. That certainly impacts me, especially when getting my car tags renewed and have to pay several hundred dollars in tpp taxes before I can renew my tags. I also think real estate taxes should end after a certain amount of time...after 25-30-years perhaps. Real estate is the same as TPP, you never truly own your home or property outright if the govt. can come in a confiscate for nonpayment of taxes.

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