When federal taxes go down, why do local taxes go up?
I think it’s great McCain is running on an anti-tax, lower taxes platform and painting Obama as a tax and spend liberal. That’s a totally unique approach. Genius.
Anyhoo – As a working American with a mortgage and whatnot, I’ve notice that thanks to the current administration my federal taxes are much lower than 8 years ago.
However… my state, county and city taxes- including property taxes and sales taxes -have all gone up!!! WHAT GIVES!?!?! Any ideas!?!?!
I knew it had to be those darn liberals again! Thanks buddy. I’ll give them a call right now!
Dang… um where do I find “liberals” in the phone book? The closest thing I get is Library… hey wait a minute!
Liberals read books don’t they!?!? Yeah, ok I’m heading down to this Library right now!
1. Feds cut State subsidies.
2. Feds cut taxes while increasing spending; combination of two produced enormous 4 trillion addition to the national debt. This (and other things) trigger inflation which is reflected in increased local budgetary spending.
3. Irresponsible deregulation and lack of oversight of credit market caused housing bubble , which got reflected in local real estate taxes.
Ask a Super Genius – The Housing Bubble (3/4)
|
|
The End of Wall Street $1.15 Watch a Video Download the cheat sheet for Roger Lowenstein’s The End of Wall Street ยป The roots of the mortgage bubble and the story of the Wall Street collapse-and the government’s unprecedented response-from our most trusted business journalist. The End of Wall Street is a blow-by-blow account of America’s biggest financial collapse since the Great Depr… |
|
|
Fiasco: The Inside Story of a Wall Street Trader $3.00 FIASCO is the shocking story of one man’s education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn’t understand them. In his behind-the-scenes look at the trading floor and the offices of one of the world’s top investment firms, Partnoy … |
|
|
Who’s On Your Side? While homeowners across the nation are facing one of the largest declines in home values of their lifetimes, there are few who have taken the time to research the options available to them and then place them all in one place. In this book Trent Chapman shares bank insider secrets he’s learned as he’s focused on helping homeowners avoid foreclosure and the dirty tricks that banks are playing on un… |
|
|
Genius $18.2 Genius |
|
|
The Genius $26.36 The Genius |
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.