What about cities and counties?
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"Local option" add-ons provide city and county revenue,
as is done now with sales taxes
-
Income tax revenue will correlate more closely with overall
economic activity than sales taxes (which are proportional to activity
in the retail sector only)
-
More stable tax structure allows municipalities to attract
businesses, including manufacturing, while providing funding to support
them
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Localities can also provide tax incentives to businesses
considering relocation
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Collection, enforcement centralized and efficient. City
and county governments need not deal with accounting individually, as they
do with business personal property taxes. [Note: according to WAM, median
population of a municipality in Wyoming is only 500 people!]
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