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Show More Tax Cuts for the Wealthy? One tax that may be reduced by the 1977 Utah Legislature is the inheritance tax, says the Utah Foundation, a nonprofit tax research organization in its annual analysis of the condition of Utah state finances. The inheritance inheri-tance tax was cut by the 1976 Budget Session, but later vetoed by the governor. A cut in inheritance taxes would mean little to the average citizen, but would be of considerable value to the wealthy. The Utah Foundation report also suggested that individual income taxes might be cut, and special exemptions for sales taxes and property taxes might be considered. These could benefit either the general population or the more well-to-do, depending on the specifics of each cut. On the other hand, notes the foundation, there is a possibility that the motor fuel tax could be increased if it is decided to finance highway operations entirely en-tirely from highway-user revenues. reve-nues. An increase in this area would, of course, create an additional tax burden for everyone. every-one. However, it would probably weigh heaviest on the poor and middle classes, as the rich are typically able to take advantage of various loopholes for the deduction deduc-tion of automobile expenses, whereas expenses related to driving to and from work and family use are not deductible. |