Tax cuts for corporations, upper income would remain in place, however
Admitting for the first time that Oklahoma’s budget crisis is the fault of lower revenue rather than extra spending, Oklahoma Gov. Mary Fallin has proposed a plan that keeps in place the tax cuts on corporations and wealthy families and instead passes the tax burden on to those who receive almost any kind of service in Oklahoma.
Sales taxes currently apply only to goods, not services.
If Fallin’s plan passes, next time someone prepares your tax returns for you, you’ll be paying the state of Oklahoma almost 5 percent more. Or the next time you get a tattoo. Or put money into a pension fund. Or hire a lawyer. Or have your windows cleaned. Or get a loan. Or buy insurance for your house or your life. Or have to pay for a funeral. Or have to hire an employment service. Or receive almost any kind of healthcare. Or use a credit union, or get dental care, or use child care or home health care. The list goes on to dozens and dozens of services.
A funeral that costs a family $10,000 today will add almost another thousand to the family’s burden if Fallin’s plan is implemented. Homes would cost more, as would health care. Grocery taxes for the state would be cut, but counties and cities would still collect taxes on groceries.
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