The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: New Tax on Retirees proposed||Date: 7/10/2009 8:13 PM|
|Author: SeattlePioneer||Number: 15242 of 19513|
<<Just don't buy a big house. Illinois relies heavily on property taxes for local gov't and schools.
Oddly enough, WA with its zero state income tax has property taxes that are comparable to OR's, at least in the part of WA that makes up part of the Portland metro area.
Once again an initiative to cut property taxes has attracted well in excess of the number of signatures to put it on the ballot. Next will be checking to verify that there are sufficient valid signatures to qualify this initiative for the ballot, which it probably will have.
Odds greatly favor it being approved by voters in November, based on recent history which has seen several tax cutting initiatives approved.
Democrats just HATE these tax cutting initiatives. Even the Dem Governor and Dem majorities in the state house and senate find their ability to approve new taxes and raise old ones limited by the heavy bias against new or higher taxes state wide.
In Western Washington there is a constituency for more and higher taxes that local pols fill with relish and gusto. But statewide, it's the opposite.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|