With the dramatic escalation in valuations over the last five years, property taxes have become a cash cow for local governments. They swim in taxpayer money and waste it. The whole system needs to be overhauled:
Category: State and Local Taxation
Alston’s Latest Money Grab
The Rhino Times reports today that he wants cities and towns within Guilford County to contribute monies toward the county schools’ costs. Translation: he is not satisfied with the enormous contributions of federal, state and county taxpayers. Instead, he wants to find a fourth source of cash– local taxpayers. And […]
Most Tax-Friendly States in Eastern USA
There was an interesting article in Kiplinger’s Magazine analyzing which states are the most tax-friendly. They analyzed income taxes; sales taxes; property tax; and inheritance (estate) tax. They considered for the most part those taxes that individuals and families are liable to pay. It must be noted that the Republican […]