Formula keeps electeds honest

Regarding the letter, “Tax system needs real revamping”; Now if you really want a moderate progressive income tax it could be implemented in the following manner: The minimum taxable income be constitutionally tied to one dollar less than the greater of the most highly compensated elected state official (typically the governor) or three times the most highly compensated representative in the legislative branch (typically the Speaker of the House and Senate Majority Leader), and that it be a flat tax rate.

At the same time the income from state sales tax revenue may not exceed revenue created by the income tax.

This would insure that elected representatives would have to vote themselves a pay decrease in order to raise the income and sales tax level, and could vote themselves a pay increase to lower taxes, while at the same time balancing the state’s budget.

Michael Meisner