I have spoken of how, speaking of homes, there is an increasing number of seniors and disabled who will potentially qualify for the senior-disabled discount rate for property taxes.
So, as with per-gallon fuel taxes, so with property taxes. Either the property tax rate will keep going up as more housing properties fall under the reduced tax rate, or government is going to have to find an alternative source of funding.
Also, as I stated in a prior part of this series, raising property tax rates only makes it harder for the lower income members of society to buy or even to afford to rent a better quality of home.
Ending property taxes in favor of a transparent tax would lower the cost of owning or renting. It would also ensure that tax revenues would increase with any increase in taxable consumer spending without having to increase tax rates.
Thank you for taking time to read and ponder my opinion on this topic.
An Opinion Article by Dave Kemper
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It has been said that: "One definition of insanity is to do the same thing, the same way, over and over and over again, each time expecting to achieve a different result."
Therefore, we must either CHANGE the way we live, or we bind our future to our past as if with CHAINS.
"I do not consider myself to be better than anyone else. But I do believe in exercising my right to not stay stupid."
David W. Kemper, Author
© Copyright 2014 by David William Kemper. All right reserved
No part or portion of this publication may be modified in any manner without the express written permission of the author. Quoting from this publication is allowed on condition that the name of the author and the name of the publication are included.
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