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In my state, FL, derives most of it's income from sales taxes and fees. Property taxes are really local, down to the county and city. > Decreasing taxes is lik
by yardie 7y ago
In my state, FL, derives most of it's income from sales taxes and fees. Property taxes are really local, down to the county and city.
> Decreasing taxes is like debt. Once you are hooked on it it's hard to go back.
Well some voters see the taxes as an investment in their city and community. My city passed a referendum to back a bond to pay for climate change projects and education programs. The state passed a constitutional change that has made it virtually impossible to raise taxes.
When I look at the midwest and the hollowing out of their cities I have to imagine the tax cuts partially contributed. But at the time they passed the politicians believed they would be a net positive.
It's a delicate balance. Taxes too high will drive businesses away. Taxes too low will reduce communal investment and drive people away.