{"id":1904,"date":"2011-11-10T09:30:07","date_gmt":"2011-11-10T15:30:07","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=1904"},"modified":"2011-11-10T10:13:21","modified_gmt":"2011-11-10T16:13:21","slug":"three-economists-no-income-tax-likely-means-higher-property-taxes","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2011\/11\/10\/three-economists-no-income-tax-likely-means-higher-property-taxes\/","title":{"rendered":"Three Economists: No Income Tax Likely Means Higher Property Taxes"},"content":{"rendered":"<p>Eliminating the individual income tax would likely result in higher property taxes, according to a trio of economic professors who spoke at a forum hosted by the Greater Oklahoma City Chamber of Commerce.<\/p><p><em>The Oklahoman<\/em>\u2019s Don Mecoy was there.<\/p>\n<blockquote><p>\u201cWe <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2011\/10\/19\/why-oklahoma-hates-state-property-taxes\/\">hate property taxes<\/a> in this state,\u201d said Robert Dauffenbach, director of the Center for Economic and Managerial Research at the University of Oklahoma.<\/p><\/blockquote><p><!--more-->The personal income tax is the state\u2019s largest source of tax revenue, comprising about $3 of every $8 taken in, Dauffenbach noted, according to <em>The Oklahoman<\/em> <a href=\"http:\/\/newsok.com\/eliminating-state-income-tax-difficult-economists-say\/article\/3621682?custom_click=lead_story_title&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+StatelineorgRss-Oklahoma+%28Stateline.org+RSS+-+Oklahoma%29&utm_content=Google+Reader\">report<\/a>.<\/p><p>Oklahoma City University\u2019s Russell Evans and the University of Central Oklahoma\u2019s Mickey Hepner rounded out the panel of economists.<\/p><p>Many state lawmakers <a href=\"http:\/\/newsok.com\/article\/3604658\">support<\/a> eliminating the income tax, including Gov. Mary Fallin, whose Task Force on Economic Development and Job Creation proposed eliminating the tax over the next decade.<\/p><p>States that don\u2019t collect personal income taxes, like Texas, are often used as a model of economic policy.<\/p><p>A decade ago, Oklahoma\u2019s interest in Texas\u2019 tax policy created a <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2011\/10\/07\/oklahoma-vs-texas-a-red-river-rivalry-of-taxes\/\">political frenzy<\/a>. Dauffenbach was among five economists who prepared a report on ways to replace revenues if the income tax was eliminated.<\/p><p>Hepner, dean of UCO\u2019s college of business administration, said that the economy and household incomes have grown faster in Oklahoma than in Texas and most states that don\u2019t collect income taxes.<\/p>\n<blockquote><p>\u201cI don&#8217;t know about you, but to me that says instead of us trying to be more like them, maybe they should be a little bit more like us,\u201d Hepner said, according to <em>The Oklahoman<\/em>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Eliminating the individual income tax would likely result in higher property taxes, according to a trio of economic professors who spoke at a forum hosted by the Greater Oklahoma City Chamber of Commerce.The Oklahoman\u2019s Don Mecoy was there. \u201cWe hate property taxes in this state,\u201d said Robert Dauffenbach, director of the Center for Economic and [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[184,118,53,115],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/1904"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=1904"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/1904\/revisions"}],"predecessor-version":[{"id":1910,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/1904\/revisions\/1910"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=1904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=1904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=1904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}