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Time to Kick the Income Tax?

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    Wayne Rogers of Wayne Rogers & Co. on states’ efforts to cut income tax.

  • Duration 3:45
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Governor of Nebraska -- -- -- -- and then once you get rid of income taxes in his -- on but residents individuals.

And corporations.

To -- would join seven other states already operating without an individual income tax we'll -- due to the State's economy and growth.

There Wayne Rogers is chairman away Rogers and company joining us now from Salt Lake City -- a new look fantastic good to see you.

Thank -- thank -- -- good good to see you what do you think is this a good idea.

Point line.

-- -- yeah I think so let me tell you why you know -- income taxes.

Our production taxes their taxes on people's.

Ability to produce.

Goods and services.

Where is a sales tax is a tax on on consumption on on the other side of the of the -- He is suggesting that he takes -- -- sales tax exemptions they are people who are exempted for the sales -- in Nebraska right now.

Because -- up to the point of 2.4 billion dollars.

He's what what's the take those away and therefore did take away the income tax so that it'll all be -- sales tax will support all of the things that he's doing in Nebraska as opposed to an -- -- -- That's a great idea it's a lesson that the United States congress should look -- What -- at a federal level what you're suggesting that congress look at this.

I say -- -- for it'll never fly at the federal level in Washington.

Well well it won't fly because there are more Roger got 535.

Idiots out there that combined you know.

I'd IQ is minus fifteen.

The fact of the matter -- it won't -- because they they don't want it to fall they are paid off the other way.

They are all but -- but lobbyists would go out of business all of those kind of things but if you had a national sales tax or national consumption tax it would be much better than I quote income tax because income.

Taxes production people are productive the other way its consumption.

I understand that but it also -- it makes Arab national taxation system incredibly.

Regressive doesn't not that's always been the argument against it.

Define regressive for me there's a greater burden on lower income Americans because they spend more of there own -- com.

On things that would be then -- whether -- we RD tax gasoline.

If you go to -- nationals you know -- national consumption tax it's a greater burden on them than higher income Americans you got to fix well somehow.

That you know that's admitted that that a good first of all that's not.

In -- corrected to what you said is correct because it's a higher percentage of this but they have not the people -- out.

Rich guys go by our planes and boats and all those frivolous things.

They're gonna pay a higher tax that's way it should be.

-- -- at the state level wane as more in more states move in this direction which seems to be the case does it have less.

-- -- part of the reason that you wanna do that is to attract business year's day but does it lose some of the alt -- well as more and more states.

Move in this direction say Louisiana.

Well governor Heineman is saying something else he's saying I wanna be.

I -- -- made a level playing field so if -- reduce the income tax in my state if I get that down.

I will be much more competitive because people will come to my state wanna start businesses and do those things -- that -- gonna be productive as opposed to a sales.

That that's not point because yard we have no income tax in Florida or Nevada up personally Alec shares those too much warmer states -- the -- -- Nebraska.

Well I how can argue with that I happen to be a resident of the state of Florida so I don't.

Top don't know insult like right now way is get saved they well they today didn't get to see you again I take care policy -- them doesn't get a.

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