Tax trading on the rise.(TRENDS AND TRANSITIONS)

Would you like to swap that grocery tax for a cigarette tax? How about trading property tax cuts for a sales tax increase? It might just happen as lawmakers across the country consider changing the mix of taxes that flow into state coffers.

Tennessee is looking at raising cigarette taxes to pay for grocery tax cuts. Another option (which the Knoxville News" Sentinel called the "tax porn, not corn" swap) would increase adult entertainment taxes to cut the food sales tax rate by half. It is actually called the Food Tax-Adult Materials Tax Swap Act of 2007, and is sponsored by Representative Stacey Campfield and Senator DeWayne Bunch.

In the property tax area, Idaho, New ...

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