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Talk about taxes right now and and whether or not we should abolish the income tax you hear about -- and state of Florida they don't have an income tax.
Lot of states don't have an income tax and to discuss this is Francis -- he's president of them I think has correctly this of -- us institute is that correct.
You joining us via Skype thank you for being with us on -- -- let me ask you.
How much momentum is this movement getting -- several -- that already don't have an income tax but there are others which are thinking of abolishing their income tax.
-- -- -- probably heard Rihanna and brown we campuses are being proud.
Unknown hello Internet sleep pretty broad the senate president and -- the president of the senate saying he would like Burundi and I keep -- secret -- saying.
He would like disputed can be done -- to either the Purcell corporate group in -- governor courtroom -- tax reform -- -- got through many people.
Are all important doing tax reform the level -- -- BC.
So when you when you eliminate.
The income tax and say North Carolina what do you replace it with because that's revenue the government was getting.
And I don't think the government ever wants to give up revenue that it used to get.
Well what purpose here is not to decrease or not significantly decreased revenue to purposes created you aren't remorse over -- economic growth overlord I agree I agree I think that's what everyone wants so what do you replace the income tax -- -- in North Carolina where they're proposing what we study.
What -- suit -- sales tax services include more exempt items that are currently exist or zero -- so usually good to meet consumption tax related tax reduction.
OK so essentially you have a consumption tax what does that mean in English I would pay for instance it right now no I don't pay sales tax in some places on food would there be a sales tax on that.
To -- in Jerusalem but more.
Directly might you not yeah even knew he usually order our sales to order a -- -- Services tax what is basically a sales tax purposes.
That now I lived I can't remember it was Indiana or Ohio that's how old I'm getting but.
They passed to services tax which was so -- popular.
They might have been a popular because the lawyers or those in the service industry lobbied heavily but it was -- -- -- -- they passed it that they repealed it what.
Why in North Carolina -- do you think.
That there would be support to do this.
Authorities want -- elimination -- being all -- News service -- in other words if a lawyer at the collective attacks on his services you would no longer have to pay income tax news whenever you meet the other real brilliant -- North Carolina under -- legislators.
Overnight -- -- -- for a second term so long term relations which embodies everything they earned.
-- so tomorrow we're doing.
What percentage I've ever in the last election cycle they talked about the percentage of people who don't pay income tax federally percentage of people in North Carolina.
Don't pay the state income tax.
I don't know why that I could tell you exactly and you know we are very robust earning tax credits you're north -- lyrics I believe is over a million.
People we --
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