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So someone lives in a $400,000 RV in an RV park. They won't pay property tax. Say they are living inherieted money. They won't pay income tax. So sales tax woul
by brianwawok 4y ago
So someone lives in a $400,000 RV in an RV park. They won't pay property tax. Say they are living inherieted money. They won't pay income tax. So sales tax would be their only tax.
Obviously this is a cherry picked example and can't represent but .1% of the population. But each lever you pull for tax rewards/punishes a different group. A famous example if FL has no income tax, letting retirees stretch their fixed pensions further.
In general, if a state has a lot of tourists coming to it. They won't get property tax nor income tax on the visitors, but they WILL get sales tax. So it makes sense to raise the sales tax, so that you can lower the property / income tax for people that live there yearround.
- panick21_ 4y agoThe RV park would pay land value tax and that would be financed by the rend of the RV park. Tourists will make some locations more valuable then others, so it should have an impact on property tax.