You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #6: Prop. 13 just took care of one issue [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Places » California Donate to DU
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-04 11:13 PM
Response to Reply #4
6. Prop. 13 just took care of one issue
of the increase in property taxes that would have forced people to move out of their homes (and then, what?)

The question should be: why should property taxes fund local governments? And, yes, many of us have been through layoffs when most of our expenses were reduced, including our income taxes, but not property taxes which would increase. The source for this route comes from Colonial times, when owning property was the only way to measure a person's ability to pay taxes.

Also, why should only property owners be taxed to fund local governments? Yes, I know, renters pay too, through their rental expenses but they have no say in, for example, special assessments.

It would make more sense to fund local government through supplements for income tax. Say a city needs, what $10 million to operate. It can then ask the Franchise Tax Board in Sacramento to tax more all the tax payers living in that city. At least, with income tax, the supplement would be progressive, and when one's income is reduced, so will be the supplemental one. And, at least, if most of the voters of that city think that it can run with only $7 million, they can vote on this.

The Wall Street Journal today had a page one story about the huge rises in property taxes in many places, including this paragraph:

For many homeowners, the increases have eaten into benefits they gained from President Bush's cuts in federal income taxes. Mark Zandi, chief economist at Economy.com Inc., a research firm in West Chester, Pa., estimates that nearly a fifth of the income-tax benefit Americans are receiving from federal tax cuts this year is going to pay for higher property taxes. Mr. Zandi says he expects property taxes to continue rising "very rapidly."
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Places » California Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC