Well, you're more likely to be able to pay income tax. After all, you just got INCOME!
What we have now is a mix of income and ownership taxes, and that seems reasonable to me. The fact that all ownership taxes go to the town and all income taxes go to the state may be less clever. Like I said in an earlier comment above, property taxes don't go to the people who need the money because of this, thus the existance of the local-aid pool from the state, funded by income taxes.
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Date: 2008-10-31 04:19 pm (UTC)What we have now is a mix of income and ownership taxes, and that seems reasonable to me. The fact that all ownership taxes go to the town and all income taxes go to the state may be less clever. Like I said in an earlier comment above, property taxes don't go to the people who need the money because of this, thus the existance of the local-aid pool from the state, funded by income taxes.