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Scary legislation

November 2, 2013

This is in response to the Sun's editorial on Oct 24, titled "School Property Tax Changes; Debate, But with Caution". May I suggest that the word "Caution" be replaced with "Extreme Fear"....

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(9)

fromtheport

Nov-02-13 2:11 AM

The way i read the house bill 76 it was an elimination within 2 years only allowing school taxes to cover existing debt previous of dec 31 2013. The government was going to provide 100% funding of existing budget and then increase the amount the school gets each year tied to the consumer price index. If i read this correct that is perfect. It would be fair taxation on the people that pump out 6 kids, it would increase property values andwith the largest property bills eliminated can provide for lower rents.

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USABorn

Nov-02-13 3:33 AM

fromtheport - 2:11 AM

"and with the largest property bills eliminated can provide for lower rents."

Do you think landlords will lower the rents they are charging? My son said it would enable him to lower rents by $44/mth.

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eriklatranyi

Nov-02-13 5:30 AM

Never trust a politician who wants a new form of revenue to eliminate the older form of revenue.

Hasn't happened yet.

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mikekerstetter

Nov-02-13 6:38 AM

USA, I agree with you that the landlords wouldn't pass on the savings in property taxes to the tenants, but I don't think for the same reason as you.

House bill 76 would levy a tax on the landlords income and the rent collected is income. It would also levy a higher, expanded sales tax, so anything the landlord bought for the property that is taxable would also be paid by the landlord. I think the primary result of a shift from property taxes to an expanded sales/income tax is to spread the financing of our schools out over a larger base.

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mikekerstetter

Nov-02-13 6:44 AM

Erik, we recently (within the last 10/15 years) have seen the flat-rate Occupational Assessment tax replaced with an income tax for our Schools. The old system was an unfair assessment based on ones job title rather than their income. You had Dr's and 'cooks' paying the same dollar amount. You had cooks, one making $30/hr as a head chef and the other making minimum wage working at McDonalds, each being assessed at the same amount. It was an awful system and it was replaced with a system that was fair.

I believe the time has come for the replacement of the property taxes for the same reasons.

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CaveFelem

Nov-02-13 7:06 AM

I'm skeptical, and hope that several years from now we don't have an additional 1% sales tax, income tax of 4.34%, AND property taxes of some sort.

Fromtheport, How "would be fair taxation on the people that pump out 6 kids"? Unless they are working and earning income? I'm curious (not being snarky) about your thought process.

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eriklatranyi

Nov-02-13 9:40 AM

Mike:

I am totally in favor of eliminating property taxes, but the legislation must be clear and not allow any loopholes for a reinstatement of property taxes.

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JohnZook

Nov-02-13 10:03 AM

i can remember becoming a landlord back in 1984 and hearing how the State legislators were going to eliminate the property taxes. Yep, back in "84...as you can see, all it did was get people elected.

Erik @5:30- As the Brits would say, Spot On. Never, ever, ever trust a politician with a new tax. I'm still wondering where the one billion went for the cronies of "O" and Meechelle ma' Belle to totally "snafu" the ACA computer roll out. Who knows; with this bunch, it turned out just as ordered. But, a BILLION dollars? Don't let the right hand know what the left hand is doing elsewhere. "Overload the system...." Saul Alynski- Rules For Radicals.

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Fredzz

Nov-02-13 10:06 AM

CaveFelem;

[[ How "would be fair taxation on the people that pump out 6 kids"? Unless they are working and earning income? ]]

For starters, no matter if they Earn their money or its given to them, they still have to spend it in order to support their family.

Someone with Six children will have too consume considerably more than a family of One.

Likely Five times more than a family of One.

Just my thought's

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