http://dickersonlaw.com/blog Wealth Building and Preservation Thu, 31 Jul 2008 17:07:42 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://dickersonlaw.com/blog/2008/07/30/texas-margins-tax/comment-page-1/#comment-2 SKW Thu, 31 Jul 2008 17:07:42 +0000 http://dickersonlaw.com/blog/2008/07/30/texas-margins-tax/#comment-2 We, the business community, feel asleep and didn’t catch what the government was doing. Now that its done we need to get them to at least fix it so that it mitigates the burden on small business. Your proposal of a minimum thresh hold of NET income would be a very good start. Removal of this tax would be better, however unlikely. What the underlying problem at hand is that Texas is seeking new revenue streams to augment the services expenditures that they are now “obligated” maintain. When the economy is doing good the money comes in without much problem so government sought out new ways to expand its service to “help” its constituents, however when the economy turns south, and revenue is not as bountiful cutting services is not something that any legislator wants to go on record for advocating. But rather find new sources of money. At this point and time it would be much more prudent to get the state to tighten its belt and encourage conservation and promote departments to sharpen their pencils. Promote and reward departments that come in under budget, not punish them for saving money. Evaluate services to remove duplication of services. That’s my two cents. We, the business community, feel asleep and didn’t catch what the government was doing. Now that its done we need to get them to at least fix it so that it mitigates the burden on small business. Your proposal of a minimum thresh hold of NET income would be a very good start. Removal of this tax would be better, however unlikely.
What the underlying problem at hand is that Texas is seeking new revenue streams to augment the services expenditures that they are now “obligated” maintain. When the economy is doing good the money comes in without much problem so government sought out new ways to expand its service to “help” its constituents, however when the economy turns south, and revenue is not as bountiful cutting services is not something that any legislator wants to go on record for advocating. But rather find new sources of money. At this point and time it would be much more prudent to get the state to tighten its belt and encourage conservation and promote departments to sharpen their pencils. Promote and reward departments that come in under budget, not punish them for saving money. Evaluate services to remove duplication of services.
That’s my two cents.

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