Wednesday, April 16, 2008

Still pushing Payroll (aka income) Tax in Memphis

This tax is unconstitutional of course but that doesn't stop them from launching trial balloons every few months.


The idea of a payroll tax is back just two and a half months after it was declared dead by Shelby County Mayor A C Wharton Jr.

The Shelby County Board of Commissioners this week approved a resolution backing legislation in Nashville that would permit a tax on income earned within Shelby County by residents and nonresidents.

Such a tax, if approved by the Legislature and again by the commission, would apply to people earning $28,000 a year or more. It also would be accompanied by a reduction in the county property tax rate.

But it would not be revenue neutral. Thirty-percent of the revenue from a payroll tax would go to reduce the property tax rate.