Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (172803)	7/7/2006 3:43:27 PM
From: Sunny	Read Replies (2) \| Respond to of 793731

Texas does not have an Income tax. The majority of school finance comes from property taxes. Unlike California and some other states the homeowners property tax is allowed to increase up to 10%/yr or 25% over 3 years as the valuation of the property changes. This type of tax hits the low income and the fixed income homeowners the hardest. In many cases, the combination of higher property tax and increasing homeowners insurance cost as a result of rate increases are causing people to sell their homes because they can no longer afford to live in their homes. The great bugaboo for all states is to find a way to raise income with the minimum impact on the citizens. Houston financed stadiums by using Hotel occupancy and rental car taxes because it was thought to have the minimum impact on the citizens. No one ever thinks of spending less except for the citizens who pay the bulk of the taxes. The legislatures pay lip service to us but depend on the lightly or un taxed voters to keep their jobs. Sunny