Republican proposal: Iowans under 30 pay no income taxes

[Blue Gardener]

Iowans under age 30 would pay no state income taxes under an economic development plan unveiled today by Senate Republicans.

"More than half of our college graduates leave the state after graduation. We want to reverse Iowa's brain drain and make our state a more attractive place for our young people," said Senate Republican Co-President Jeff Lamberti of Ankeny.

Eliminating the tax for that age group would reduce state revenue by an estimated $200 million a year, according to the nonpartisan Legislative Services Agency.
http://www.dmregister.com/apps/pbcs.dll/article?AID=/20050125/NEWS10/50125002/1001

So even if they make twice what I do they would pay no income taxes? What a load of crap.