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Tennessee’s Amazing Shrinking Tax Base

By Kleinheider Posted on April 30, 2008 at 10:19 am

R. Neal comments on the news that Tennessee experienced the worst tax collection month in 47 years:

[T]his is the great thing about a sales tax. You can voluntarily give yourself a tax cut!

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Comments

7 Responses to “Tennessee’s Amazing Shrinking Tax Base”

  1. Mickey writes
    April 30th, 2008 11:32 am

    Up Next- TN State Property Tax

  2. Bill Hobbs writes
    April 30th, 2008 12:32 pm

    The ability to cut one’s own taxes by shopping less (or shopping more online) is a feature, not a bug. In fact, the decline in revenue indicates that market forces are working well - people are reacting to the economy’s troubles by spending less on stuff and on government. They are, literally, demonstrating with their reduced spending that they wish for government to be smaller and less costly too.

  3. Sean Braisted writes
    April 30th, 2008 1:16 pm

    WHH,

    That is the most tortured logic I’ve ever seen from you…and that says a lot.

    People don’t stop shopping to send a message to the Government, they stop shopping because they can’t afford the items they wish to purchase.

  4. R. Neal writes
    April 30th, 2008 1:17 pm

    They are, literally, demonstrating with their reduced spending that they wish for government to be smaller and less costly too.

    Wow. Seriously? That’s why people are cutting back on spending? To demonstrate their wish for less government?

    Ground control to Major Bill…

  5. GoldnI writes
    April 30th, 2008 1:58 pm

    Hobbsie, you’re straying from the GOP party line. John McCain says that the economy is chugging along just fine, so I don’t know what “economy troubles” you could possibly be referring to.

  6. Bill Hobbs writes
    April 30th, 2008 5:16 pm

    They may not consciously be thinking about it, but when people cut spending they are making choices based on what they feel is most important to them. The result is that government gets less tax revenue. Despite an avalanche of headlines about how less retail spending means less tax money for the government, people still cut back on their spending.

    Keeping government awash in cash simply isn’t their highest priority. As you put it, Bubba, people “stop shopping because they can’t afford the items they wish to purchase.”

    One of the things they can afford less of these days is government.

  7. Sean Braisted writes
    April 30th, 2008 6:39 pm

    The result is that government gets less tax revenue. Despite an avalanche of headlines about how less retail spending means less tax money for the government, people still cut back on their spending.

    Bill, you just can’t grasp the concept that people just simply run out of money to buy things…can you? Is your wife or family loaded or something which provides you to be unable to know what its like to not have money to spend?

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