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At first of the pandemic, we thought state funds could be crushed. Then, as time progressed and we understood what the pandemic would do for gross sales taxes, that the federal authorities could be shoveling newly minted cash to the states, and so on., and it turned clear that many states wouldn’t battle financially. And, certainly, some states are mulling the potential for chopping taxes to offer again the additional cash they’ve (and the issue that some federal support appeared to preclude chopping taxes). I used to be reminded of this age previous downside with what to do with authorities “surpluses” just lately as I used to be studying the April 25, 1891 version of Punch journal, as one does, and noticed this superb poem, and, accompanying graphic:
Posts and feedback are solely the opinion of the writer and never that of the UNC Tax Heart or another individual or entity.
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