North Dakota’s unemployment rate is under 4 percent while Idaho’s is over 9.5 percent. I have shown the difference in the individual tax rate.
Individual Income Tax rates in Idaho and North Dakota According to Salary Wizard
North Dakota 0 - $32,550 2.1%
$32,551 - $78,850 3.92%
$78,851 - $106,550 4.34%
$106,551 - $357,700 5.04%
Over $357,701 5.54%
Idaho 0 - $1,237 1.6%
$1,238 - $2,474 3.6%
$2,475 - $3,710 4.1%
$3,711 - $4,987 5.1%
$4,988 - $6,184 6.1%
$6,185 - $9,276 7.1%
$9,277 - $24,736 7.4%
Over $24,737 7.8%
Idaho’s top rate is 1.26% higher than North Dakota. The real difference is that everyone in Idaho that makes over $4,988 pays a higher tax rate than those making over $357,701 in North Dakota. Maybe the Idaho legislature should consider reducing the overall rate to 5.5% and having fewer tax brackets similar to the ones in North Dakota.
Wednesday, May 25, 2011
Saturday, May 21, 2011
Three Problems
My name is Steven Thayn. I serve in the Idaho House of Representatives. I am honored to live in Idaho among Americans that possess noble aspirations and an unconquerable, can-do spirit.
America has three basic problems that manifest themselves in high taxes, federal deficits, unemployment, inflation, and trade deficits -- all symptoms of economic illness. We will not achieve a healthy economy until these three problems are addressed and solved.
The first problem is economic. America has too many expenses and too little income. Government expenses consume more wealth than the private sector is able to generate.
The second problem is voter confusion over who should care for the needy. While caring for the needy is a natural desire; government is not an efficient delivery system. Programs to help the needy consume 70 percent of the federal budget and growing! Tax reduction and economic growth are linked to entitlement reform.
The third problem, it has become culturally acceptable for people to live off of the wealth of others without an expectation of contributing to their own sustenance. This has driven up social spending, caused taxes to rise, increased social problems, and created a dependent, non-productive class of citizens.
These three problems must be addressed simultaneously. Government spending must be reduced so that more wealth can remain in the private sector which will allow the private sector to grow and create jobs. Voters must support a transition from state charity to private charity so that costs can be reduced and quality improved by supporting politicians who raise this important issue. Finally, it can no longer be culturally acceptable to live off the labor of others without an expectation of paying back by helping others.
America has three basic problems that manifest themselves in high taxes, federal deficits, unemployment, inflation, and trade deficits -- all symptoms of economic illness. We will not achieve a healthy economy until these three problems are addressed and solved.
The first problem is economic. America has too many expenses and too little income. Government expenses consume more wealth than the private sector is able to generate.
The second problem is voter confusion over who should care for the needy. While caring for the needy is a natural desire; government is not an efficient delivery system. Programs to help the needy consume 70 percent of the federal budget and growing! Tax reduction and economic growth are linked to entitlement reform.
The third problem, it has become culturally acceptable for people to live off of the wealth of others without an expectation of contributing to their own sustenance. This has driven up social spending, caused taxes to rise, increased social problems, and created a dependent, non-productive class of citizens.
These three problems must be addressed simultaneously. Government spending must be reduced so that more wealth can remain in the private sector which will allow the private sector to grow and create jobs. Voters must support a transition from state charity to private charity so that costs can be reduced and quality improved by supporting politicians who raise this important issue. Finally, it can no longer be culturally acceptable to live off the labor of others without an expectation of paying back by helping others.
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