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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MSI who wrote (6679)11/12/2002 1:05:35 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"The concern is that it will go up faster than property values. It'll have to if they're to maintain revenue levels, especially if values plateau or decline."

Since they spend based on FUTURE projected tax revenues...you sadly will be correct.

The FED, Congress included is all over the place of taxation. Very fragmented. The tax system needs a revamp not a smattering of tax cuts like we have had. Not likely Congress will NOT get it until deficits go through the roof.
Jim
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