Hi Snowshoe,
Where does Arizona get all this money it's giving away?
Beats me... <g>
It's not just Arizona. There are 49 other states in the union, and all of them have some types of tax credits. Some states have more of the credits than others. But the really big giver is at the federal level.
All 50 states (save 1, New Hampshire??? Vermont???) are running in the red this year. In Arizona, the budget shortfall was something like $1B. In California, it's something like $34B. Next fiscal year is rumored to be a worsening situation. During the bubble years, legislators at all levels of government were literally giving away the money via: lower taxes, tax credits, tax rebates/refunds, amnesty for prior tax cheats, on and on ad naseum...
Why do taxpayers sit and scratch their heads and say they can't understand where all the surplus tax monies went to? It's all there, documented and edited... Anyone can look. They gave it all away and now have nothing to show for the surpluses; no investments, collapsed "rainy day" accounts, no food surpluses, no extended fuel surpluses, not even something as simple as increased pay for teachers... Pissed it all away...
KJC |
