About 45 years have passed since a state last eliminated its income tax on wages and salaries. Two Southern states are now on a path to do so if their economies keeping growing.

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing.

The push to zero out the income tax is perhaps the most aggressive example of a tax-cutting trend that swept across states as they rebounded from the COVID-19 pandemic with surging revenues and historic surpluses.

But it comes during a time of greater uncertainty for states, as they wait to see whether President Donald Trump’s cost cutting and tariffs lead to a reduction in federal funding for states and a downturn in the overall economy.

Some fiscal analysts also warn the repeal of income taxes could leave states reliant on other levies, such as sales taxes, that disproportionately affect the poor.

  • theneverfox@pawb.socialEnglish
    1·
    5 days ago

    Saying someone is doing a 5d chess move is an over-exaggeration of saying they did a 3d chess move, which means to do something that seems incomprehensible at a glance but makes total sense to someone who understands the rules.

    The joke is to insist that if you understood the reasoning, it’s actually a brilliant move. But it’s 5d chess, a game that doesn’t exist (and 5d chess with multiversal time travel isn’t really 5d chess, despite the name)

    • sp3ctr4l@lemmy.zipEnglish
      2·
      4 days ago

      I regularly encounter, and have for the last at least 5 years have encountered, many, many people, who use the term … whatever stupid number of D Chess move phrase… to genuienly, earnestly describe something they think actually is an extremely intelligent strategy.

      … Especially when it comes to large scale economic/political/business strategy.

      Yes, a lot of people also use the term sarcastically as well.

      … Which is why I asked you to clarify what you mean.

      You then replied with further explanation.

      You could have just said you were joking at that point, but you did not.

      … Now that I have taken your explanation at face value, now you just say you are joking.

      Thanks for wasting my time with a schrodingers shit post.

      • theneverfox@pawb.socialEnglish
        1·
        4 days ago

        I thought you didn’t get the joke, so I made it more obvious… Even in asking for clarification you seemed to be playing along

        I don’t know what to tell you… This is my favorite form of humor, and even if people don’t get it I normally just let them think I’m an idiot and move on

        But since you put time into your response, I put in time to explain how to spot this in the future