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Sorry, but no, my property taxes are not spent within 200 miles of my house.The benefits of property tax is that nearly all the money goes to your local government, unlike the lionshare of sales tax, gas tax, etc.
Sorry, but no, my property taxes are not spent within 200 miles of my house.
My problem with state income tax is that it becomes too easy for state politicians to follow Washington's lead and carve out so many classes of income, exceptions, deductions, etc that only a portion of people actually end up paying the tax at all.I am favorable towards a state income tax (with the amendment baring property taxes for ever and ever amen) as it floats with LIQUID assets and allows the elderly to be rewarded with a paid-off home.
The benefits of property tax is that nearly all the money goes to your local government, unlike the lionshare of sales tax, gas tax, etc.
It depends on where you are. Texas has an extensive recapture system that takes a big chunk of wealthier districts' property tax revenue and send it to poorer districts. It's big money - 35 - 50 percent of the money.
I'd be ok with an income tax if and only if:
1. All property taxes are prohibited.
2. The income tax has no deductions or exemptions and doesn't care how you make your money. If you earn $1 or $1B dollars, you owe taxes. Everybody has skin in the game, and nobody gets a pass.
3. The tax rate is flat. You can't raise taxes on one without raising taxes on all.
4. All these requirements must be part of a constitutional amendment, not a statute that can be undone by a subsequent legislature.
I believe 82% are stolen from Eanes, where I pay taxes. And yes, as said above, we then privately raise even more money to make up for that.I'm sure some of them are, but I'll bet close to half of them are "recaptured." Or to put it more bluntly, stolen.
I don't have the detail that @Horns11 has... my prediction is this; OVERALL, the Republicans will get more votes because the insanity of the extreme Left has cancelled out any outrage over Trump's tweets.
I believe 82% are stolen from Eanes, where I pay taxes. And yes, as said above, we then privately raise even more money to make up for that.
I believe 82% are stolen from Eanes, where I pay taxes. And yes, as said above, we then privately raise even more money to make up for that.
When you say overall, are you talking about House + Senate + Govs + State Legs, or some combination thereof?
My problem with state income tax is that it becomes too easy for state politicians to follow Washington's lead and carve out so many classes of income, exceptions, deductions, etc that only a portion of people actually end up paying the tax at all.
With property tax the single largest issue is the notion that you never truly own your property even after it has been paid off, so instead of freezing tax rates for homesteads of senior citizens (as is done now), how about cutting the rate in half for seniors who own their property free and clear.
* Predict HORNS-AGGIES *
Sat, Nov 30 • 6:30 PM on ABC