Vermont Public Radio Commentary. Monday June 22, 2009McQuiston: Tax policy perspective LISTENBy Timothy McQuiston(HOST) Commentator Timothy McQuiston suggests that when you hear politicians talking about taxes, it isn’t so much about fairness, it’s about jobs.(McQUISTON) Tax policy is all in your perspective, it seems to me. While the Legislature has focused on the property tax and the direct impact it has on local constituencies, governors have generally looked at the bigger picture and the income tax.In the latest, harrowing row over the state budget, which resulted in the first-ever budget veto, the Legislature cut the income tax, albeit slightly, for anyone making under 200,000 dollars and raised it for everyone else.Governor Douglas proposed lowering the highest marginal rate for income over 375,000 from 9.5 percent to 9 percent – and you might well be wondering, “Why?”Well, take the case of golfer Tiger Woods. Tiger’s participation in the US Open at Bethpage Black in New York State, means that he will have to pay New York state income tax on whatever prize money he wins. But Tiger officially lives in income tax free Florida. So if he has to pay income tax where he earns it, why not live in his home state of California? Because Florida, like New Hampshire, is tax free for earned income.Tiger makes a bundle on the PGA tour, but most of his income comes from endorsements and other non-prize money sources – video games, golf equipment, clothing deals. Heck, Tiger could live in New Hampshire. All he’d need to do is stick around for six months and one day in the Granite State. But I suppose the Sunshine State offers more opportunities to work on your game.In Vermont terms, what Governor Douglas and his predecessors have been concerned about, is that business owners and other top managers make decisions about where to locate or expand a business in part on how it affects their own wallets. And if they move their business out of state, jobs go with it.If your adjusted gross income is one million dollars, you’re going to pay $51,000 in Vermont taxes. If your income is 100,000 – still a nice income – your tax will be only a little over 3,000. But if you move your company over to New Hampshire, you’ve essentially given yourself and your employees a nice raise without having to increase payroll one penny.It makes you happier; it makes your employees happier; and it makes the State of New Hampshire happier. In recent years, both Howard Dean and Jim Douglas have fought the Legislature over the income tax for these very reasons.It’s clear that many business owners are willing to pay more to live here – sometimes a lot more. Others have no choice because of the nature of their business and they either like it or lump it. But make no mistake – the lure of “tax free” is very real.
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Watford levelled the scores when Roberto Pereyra rolled in a late penalty to secure only their second point of the season.Tom Cleverley had earlier reduced the deficit when Gunners defender Sokratis Papastathopoulos gave away possession inside his own area,Pierre-Emerick Aubameyang put the visitors in front when he collected Sead Kolasinac’s pass on the turn before firing past Ben Foster.Arsenal doubled their lead as Aubemeyang finished a sweeping team move but the hosts improved after the break as the Gunners unravelled in front of the vociferous home support.The Hornets had their chances to complete a stunning comeback with a decisive third, but the otherwise impressive Gerard Deulofeu dragged his effort narrowly wide.The result sees Arsenal move into seventh, while the Hornets remain rooted to the bottom. The Arsenal striker Aubemeyang is one of the most clinical forwards in the English top flight, having scored with seven of his last nine shots on target, and the Gunners are quite capable of blowing teams away going forward thanks to the potency of Aubameyang and the technical ability of Mesut Ozil and Dani Ceballos.They demonstrated their attacking flair as they went through 20 passes for their second goal – but glaring issues remain at the back.This was evident as early as the 10th minute as the red and white shirts backed off and space opened up for Cleverley, whose fierce effort was well saved by Bernd Leno.Five minutes later, and Etienne Capoue was given the same time and space but could only shoot over the bar.The Gunners want to play out from the back, and even though Matteo Guendouzi lost possession deep inside his own half on two occasions they persisted with their approach.It was Sokratis who eventually made the mistake that always looked likely to happen, before Deulofeu diverted the ball into Cleverley’s path for Watford’s first goal.David Luiz was brought in from London rivals Chelsea to shore up the defence over the summer, but the Brazilian has endured a difficult few weeks at the start of his Arsenal career, and has now conceded two penalties in three matches.Luiz brought down Pereyra with a lunge in the final 10 minutes and the substitute stepped up himself to take the penalty and salvage a point for the hosts.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram A Watford side brimming with attacking intent fought back from two goals down at half-time to draw at home to Arsenal in Quique Sanchez Flores’ first match since being reappointed Hornets manager.The hosts fired in 31 shots – a club-record for a Premier League game – as Arsenal’s shaky defence finally cracked after the break.