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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (339087)	6/1/2007 11:01:35 AM
From: Road Walker	Respond to of 1576109

re: BTW, would you vote to repeal SOH? Then local govies get even more money to waste. Who reins them in and cuts millage? Rolls back local government spending? It would have to be coupled with other restrictions. I agree that the local governments have seen a windfall... and prop taxes should be lowered. Modestly... government services are important for a lot of reasons. Say my taxes are $3k (because of SOH) and my next door neighbor is $5K. Eliminate the SOH and we both pay maybe $3750. That's a 6% net reduction in taxes... the local governments can't bitch too much since their revenue has about doubled in the last 5 years. Yeah my taxes go up but my house is more marketable and I can downsize without taking a tax hit on the new house/townhouse. The RE market picks up because taxes are 25% lower than now. re: If property taxes repealed, home prices skyrocket as do insurance costs. There are huge consequences to eliminating property tax and putting it on sales tax. Huge. Don't want to go there.