tag:blogger.com,1999:blog-11887973.post4926045597184830026..comments2023-11-02T04:58:34.355-04:00Comments on Libertarian Party of Allen County, Indiana: Mitch Daniels property tax plan is a mixed bagJeannette Jaquishhttp://www.blogger.com/profile/00226385515110623744noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11887973.post-20470262649215700012007-10-26T11:29:00.000-04:002007-10-26T11:29:00.000-04:00Greg, I have been troubled for years about the tax...Greg, <BR/><BR/>I have been troubled for years about the taxing of business equipment.<BR/><BR/>My issue is with taxing business equipment setting in a building. <BR/><BR/>The taxing system hurts the guy trying to produce a physical product. Yet, a company developing software only pays for a computer. Both bring money into the city and employ people. I do not see this as a good building block for us.<BR/><BR/>Today, a machine in a factory can cost well in excess of $500,000 and have one operator. Yet a software person may be setting at a $5,000 computer building his product. Is the taxing system fair to both of these? I think not.J Q Taxpayerhttps://www.blogger.com/profile/00524418780704474919noreply@blogger.comtag:blogger.com,1999:blog-11887973.post-28637105327839973692007-10-26T02:41:00.000-04:002007-10-26T02:41:00.000-04:00The plan is indeed a mixed blessing. However, to s...The plan is indeed a mixed blessing. However, to shift the tax burden from one source of revenue to another source of revenue is not true tax reform - which is what we actually need, not just property tax reform.<BR/><BR/>The plan is a good starting point - but it needs plenty of work. We need to find a better solution for business property owners and rental property owners.<BR/><BR/>Overall, while the plan has ups and downs, I do not believe it is sound enough that if I was a state rep or senator I would support it.<BR/><BR/>There is no serious discussion with these state officals in mandating state and local spending in which is a major factor in any improvement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11887973.post-50314757693339678942007-10-25T22:28:00.000-04:002007-10-25T22:28:00.000-04:00Higher sales tax tent to stagnate commerce and to ...Higher sales tax tent to stagnate commerce and to increase the underground economy, thus leading to higher corruption and decreased morality. Not to mention that it is a burden for the poor who are treated similar to the rich folks, but has much less money to spend.<BR/>Please lookup consequences of higher sales tax in places like FL and NH or of disaster 20-25 % VAT in Europe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11887973.post-44169481678614855172007-10-25T18:41:00.000-04:002007-10-25T18:41:00.000-04:00Mike,You got me thinking. Some great points to be ...Mike,<BR/><BR/>You got me thinking. Some great points to be concerned about. It is good to have someone on the frontend "teaching" us, because we are going to need help in understanding all of this.<BR/><BR/>Once the city elections are over I will be picking your brain to learn as much as I can.<BR/><BR/>I may not end up with you 100% of the time but at least I feel I will get a full open answer from you.<BR/><BR/>Thanks again for your posting. Keep us infomed.J Q Taxpayerhttps://www.blogger.com/profile/00524418780704474919noreply@blogger.comtag:blogger.com,1999:blog-11887973.post-63017361108866264652007-10-25T17:07:00.000-04:002007-10-25T17:07:00.000-04:00Jeff:I took a glance at the numbers from the State...Jeff:<BR/><BR/>I took a glance at the numbers from the State budget and I can ensure you that the following would happen if his plan were passed as is:<BR/><BR/>1. All residential property would hit the 1% cap EXCEPT property worth just a few thousand dollars.<BR/><BR/>2. All rental proeprty would hit the 2% cap UNLESS it was assessed at a low number.<BR/><BR/>3. I agree that not all business property would hit 3% the first year; however, it would happen pretty darn quickly and it would hurt Indiana businesses big time.<BR/><BR/>MikeLP Mike Sylvesterhttps://www.blogger.com/profile/06918776704117318033noreply@blogger.comtag:blogger.com,1999:blog-11887973.post-40369449505334101482007-10-25T17:02:00.000-04:002007-10-25T17:02:00.000-04:00Mike,I agree this is a good starting point. In you...Mike,<BR/><BR/>I agree this is a good starting point. In your report you seem to think that everyone will be automatically taxed at the cap. Just because the cap is 3% doesn't necessarily mean you will be taxed at 3%. Having said that, I would agree that it's inevitable it would reach the cap.<BR/><BR/>The referendum is a <I>fantastic</I> idea. I would like to see all major projects, including those in a TIF, be held to the referendum standard. I think we should advocate for that detail. Having to put up a $150 Million bond to bring a remonstrance is simply undemocratic.<BR/><BR/>Another change I would like to see is the use of real circuit breakers (taxes tied to income) on top of the caps - although I might set the cap at 2% in this case.Jeff Pruitthttps://www.blogger.com/profile/01996970649630375507noreply@blogger.com