Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
And what does Texas intend to replace the lost revenue with?Greg Abbott to sign Texas property tax bill: What to know
Texas Governor Greg Abbott is expected to sign new legislation offering property tax relief to homeowners in the state struggling with rising bills, on Monday.
If endorsed by voters in November, the measures pushed forward by the GOP-led Texas legislature would significantly lower the cost of homeownership for millions of Lone Star State residents, including seniors and disabled owners, at a cost of over $3 billion.
More:
https://www.msn.com/en-us/news/us/g...ill-what-to-know/ar-AA1GOEYR?ocid=socialshare
Just tax everything by apportionment.What will replace the sales tax, who will control the money, state or local people, how much do you want sales tax to rise???
That's not apportionment.That what property tax did, the more you had, the more you paid...
That's not apportionment either.Sure, if you have a million dollar house and I have a hundred thousand dollar house, your portion will be bigger. You buy a $75,000 truck and I buy a $7,500, you pay more taxes too. Sadly, we will end up with a state income tax with this foolishness.
If enough of the People agree, that bill won't get paid and those who passed it get voted out of office next election for having tried to waste the People's money.No, some asshole supports Israel and I get a bill, fuck that...
So no more schools, Sheriff Department, library, Fire Department, local roads, and a dozen other things that property taxes pay for...or does Florida get an income tax?Forget replacing the money. That's our problem.
The Ohio state income-tax and state Sales Tax are both pretty hefty. Counties have the option of putting piggyback riders on the sales tax - Cuyahoga County (Cleveland) has over 7 percent sales tax.What level of corruption is this? Why won't any politician explain how they will replace the money?
The market wants to know where the money is coming from too... schools are better than nothing, plenty of room for improvement.Yep, the market can figure these things out. talk about a GIANT waste of money.... schools.
How's that worked out for America?
I guarantee eliminating property tax in FL would pass by at least 70%. There would be a higher sales tax applied on real estate and more fees on utilities. It would also open more private schools in the state. In addition, regular sales tax would probably go to 12%.If enough of the People agree, that bill won't get paid and those who passed it get voted out of office next election for having tried to waste the People's money.
Also, it's the only way to ensure gov stays small. Ie: they won't be able to create a big bloated gov if it has to be directly paid for at each step along the way, as they try to grow it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?