sadly it seems we can't even dismiss the craziest of ideas these days as the unreasonable and impractical, if not just impossible, seems to be going mainstream eliminate property taxes and cuts to waste and fraud would make up for the lost income florida man lives...in the house on the hill..smdh Florida could be first state in the nation to eliminate property taxes Soaring housing prices across the country are driving away would-be homeowners, something lawmakers in at least a half-dozen states are trying to prevent. In Florida, Gov. Ron DeSantis (R-FL) has floated getting rid of property taxes altogether to alleviate some of the pain. “Is it your property or not? Just for being on your property year after year, you’ve got to write a check to the government every year,” DeSantis said during a March 4 address. “So you’re basically paying rent to the government to live on your own property.” ....... DeSantis wants to get a constitutional amendment in front of voters next year that would abolish or reduce property taxes. The effort would need at least 60% approval from voters to pass. ............................................ During DeSantis's State of the State speech, he ruled out raising any state taxes to replace property taxes. When pressed on the issue, he said getting rid of waste and excessive spending by local governments would cut the amount of money needed for the state to function.
Djt and his Mar a lago friends approve of this message. Think of their tax savings. It might even save me a couple of bucks. However, funding schools, police, fire fighters, etc with higher sales tax? What a cluster xxxx just to implement. Businesses, tourists and poor folk gonna love that 12+% sales tax rate.
increase in sales tax is seriously regressive and hurts the lower income the most, just like they would like it.
True, but those turnips are squeezed. RW’s have this dirty time dream that poor people aren’t pulling their weight.
If FL moves to transaction based: 1) services change to taxable 2) digital taxes 3) VAT system 4) digital currency 5) erosion of freedom Say hello to a Fat Tony on every corner with a truck full of goods for sale.
We pay $12k a year on a house on the gulf. And there’s a lot of more expensive homes there. Don’t ser any way the county could come up with that money elsewhere
Retirees already enjoy tax favored status via homestead exemptions. On the one hand this removes that exemption, so someone living in a home from the 80’s or 90’s enjoying a homestead exemption is now on par with any new buyer. Everyone pays nothing! That may seem fairer only on a surface deep level. On the other hand, what sales tax rate would be required to make that up? 15%? 20%? Clearly the main beneficiaries are more recent buyers of high end homes and the corporate landlords who are scooping up properties left and right (sales tax hikes are of no consequence to PE investors and corporate landlords who of course would love more of their tax burden zeroed out). Not sure it’s of great benefit to retirees on “fixed income”, but that really depends on their spending patterns vs the value of their home. For many it may just be a neutral shift. It would absolutely kill young people and renters though.
That depends on how the tax is replaced. A sales tax is a tax on consumption. Consumers decide if they want to pay that tax or not. Currently, property owners don't have a choice. Pay your property taxes or lose your house....forever. Never truly owning your property free and clear. It's definitely a careful what you ask for situation. I can see benefits. I can also see potential problems.
Exactly. This was the fundamental flaw with all the different “fair tax” schemes which proposed to replace income tax with some level of national sales tax. If you are putting a massive sales tax on everything, people will look at that and “choose” not to buy goods. What do you think happens in a consumer based economy if you tax consumption in a major way? I’ll try to illustrate: I know the math at the federal level was crazy, like 20% sales tax on everything. Maybe at a state level the sales tax wouldn’t be that extreme. I’ve not seen any math. But even if “only” took current state sales taxes from 7% to 12% or 15% that wouldn’t be good for most businesses outside of portfolio real estate.
do you understand that shifts the great majority of the tax burden to the lower class that spends everything they make jsut to survive so they can't decide if they want to consume or not. They have to consume to survive. do you care that it shifts the cost to poor people instead of rich retirees? It would certainly help me although I am not retired but I care about mroe than myself so I am firmly against it Property owners have a choice, sell the property and rent.
if it was a dem guvner the libs would be all for it I see no reason. not to do so- increase the state sales tax 5 cents and it would probably work and then everyone that bought something would contribute
And if it was a Democrat Governor you’d scream socialism all day. That said, and I’ve said this before, I would love to see a comprehensive, nonpartisan (to wit, reliable) study on a true consumption task vs income tax. I think it would be the most efficient means to collect government revenue. I think there are some tools to help balance wealth inequality, like a waiver of sales tax when total household income is below thresholds, and a surcharge tax on luxury goods.
