Prescott Valley, AZ Correspondent-Eliminating taxes will likely not happen as there will be tax shifts to make up for any termination of state or federal income taxes. If taxes are done away with, there will always be replacements through other sources of revenue.

If alternative sources were to be eliminated, there likely would be negative consequences but with many states currently proposing tax shifts, there will be replacements offered that will, in the long run, compare to the cost of taxes. People will challenge the productivity of the alternatives, but if they know that the tax replacement will help the infrastructures of their states, the alternative to state income taxes might be an easier pill to swallow. With state and federal entities needing monies to support the state and federal decline in infrastructure, any impending doom will be absorbed by individual taxpayers who share most of the burdens anyway. Continue reading →