Quote History Quoted:
not really, it's pretty simple. Local CPA magazine I get did a whole write up on it showing how just several counties in texas spend over 500 million dollars a year in property tax enforcement alone. Cut that out, the sales and use tax, franchise tax an all that enforcement payroll down to one single end point sales tax and problem is solved very quickly. Benefits include the magic ability to charge illegals and stop penalizing people who pay off their home. A sales tax doesn't care if you're in the country illegally, you buy something you pay it. It also doesn't allow for corruption like the Williamson County appraisal district who was caught raising home values 50-75k on every house on a single street except the house that was the appraisers friend and/or cousin. The sales/use tax and Franchise tax are ridiculous and need to be abolished.
View Quote View All Quotes
View All Quotes
Quote History Quoted:Quoted:
Doing away with property tax without an income tax is just about impossible. Just fixing the property tax problem is going to be a lot of work to keep it close to fair.
not really, it's pretty simple. Local CPA magazine I get did a whole write up on it showing how just several counties in texas spend over 500 million dollars a year in property tax enforcement alone. Cut that out, the sales and use tax, franchise tax an all that enforcement payroll down to one single end point sales tax and problem is solved very quickly. Benefits include the magic ability to charge illegals and stop penalizing people who pay off their home. A sales tax doesn't care if you're in the country illegally, you buy something you pay it. It also doesn't allow for corruption like the Williamson County appraisal district who was caught raising home values 50-75k on every house on a single street except the house that was the appraisers friend and/or cousin. The sales/use tax and Franchise tax are ridiculous and need to be abolished.
My first go around in politics was Prop 13 in California that stopped the constant raising of property taxes. Many seniors were getting priced out of their homes that were paid for by property taxes. What Prop 13 did was fix the property taxes based on what you paid for a house at 1%. Now in Texas that is not enough but if it was a fixed 2-4% of what you paid for the property and would continue at the same amount until you sold it, then you would not get the yearly sticker shock. One option I have heard that interested was a sales tax on property, and a fixed yearly property tax. This would have to be on commercial buildings too that pay a lot less property taxes that home owners.
If you dump financing the state all on sales tax you would have a rate of close to 16-18% and that would be on everything including food and medicine. If not you get stuck with a state income tax, and in California it is 13% and if you think the IRS is a pack of assholes, the California Francise Tax Board is a million times worse. If they don’t like the amount your CPA says you owe in state income tax you either pay what they think you owe or they raid your bank accounts for it.
No matter what Texas does someone ox will get gored. The one area I look at is a home owner should never be taxed out of his primary residence and the last thing Texas needs is any sort of income taxes.