Re: tax reform

Posted by rm on November 23, 2005 at 14:58:22 (PST):

In Reply to: tax reform posted by Charles on November 23, 2005 at 14:33:03 (PST):

: I see where the house and senate are going to vote after the holidays about which tax reform bill they want to go with.
: One increases the sales tax to 7 % and only DECREASES your homeowners by around $300.
: The other plan lowers the tax to 5% but taxes everything and eliminates property tax. Thoughts?

Anything short of elimination is a sham. If the framework for the current property tax structure is maintained, how long do you think it would take for the taxing bodies to shoot it right back up to where it was or beyond?

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: : I see where the house and senate are going to vote after the holidays about which tax reform bill they want to go with. : : One increases the sales tax to 7 % and only DECREASES your homeowners by around $300. : : The other plan lowers the tax to 5% but taxes everything and eliminates property tax. Thoughts? : Anything short of elimination is a sham. If the framework for the current property tax structure is maintained, how long do you think it would take for the taxing bodies to shoot it right back up to where it was or beyond?

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