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Every business expansion article in IBJ is accompanied by request for incentives or tax breaks language in the “low tax” state. So is it really the low tax state?
Depends on your perspective. Indiana is a low tax state if you are a business or multi-national corporation. However, not so much if you are a private citizen. Property tax rates are similar to those in California and we have the highest sales tax in the country, not counting additional food and beverage and local option and income taxes, school funding referendums, high vehicle licensing and wheel tax fees and … well you get the idea. As a bonus, the Republican legislature turned us into a right to work (for less) state.
Glen K, it’s almost like the Republicans set it up as shakedown money laundering operation. Offer the possibility of tax incentives, business/developer writes nice check to campaign funds, incentives are granted, rinse, repeat.
Exactly. Here’s an idea: Set aside 1 percent of the state budget (about $185 million per year) to publicly fund our elections. It would be the best possible investment of our tax dollars.