x-sender: governor.haley@sc.lmhostediq.com x-receiver: governor.haley@sc.lmhostediq.com Received: from mail pickup service by IQ12 with Microsoft SMTPSVC; Wed, 4 Mar 2015 18:57:33 -0500 thread-index: AdBW1vtczjK7+LzCRIyRy1YCClnyKQ== Thread-Topic: higher gas tax related to lower income tax From: To: Subject: higher gas tax related to lower income tax Date: Wed, 4 Mar 2015 18:57:33 -0500 Message-ID: MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Mailer: Microsoft CDO for Windows 2000 Content-Class: urn:content-classes:message Importance: normal Priority: normal X-MimeOLE: Produced By Microsoft MimeOLE V6.1.7601.17609 X-OriginalArrivalTime: 04 Mar 2015 23:57:33.0562 (UTC) FILETIME=[FB7715A0:01D056D6] CUSTOM Mr. Daniel M Taylor EA Enrolled Agent (IRS) Tax Practitioner 224 Springdale Road Graniteville SC 29829 d-michael-taylor@juno.com 8036639916 8036639916 TAX higher gas tax related to lower income tax As an income tax practitioner for many years, having prepared returns for a number of states; I can tell you that in my experience, South Carolina has the most favorable treatment of income taxation to individuals. This is because SC taxes less of a person's income, with higher deductions, more adjustments(subtractions), and tax credits. The impact of these provisions is far greater than the marginal tax rates. Lower income tax rates would favor the higher economic class; while higher fuel tax would have the greatest impact on the lower economic class, which spends a higher percent of their income on fuel (and otherwise). Such a policy sustains the notion that Republicans (to whom I am a loyal voter) favor the wealthy over the poor and middle class. Please reconsider this initiative.