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Originally Posted by Little Bear
Don't focus on the taxes, focus on the spending.
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Something we all seem to agree on here. Part of the problem is that the spending is dependent on OPM so the incentive to look at this more closely isn't there as much as it should be.
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Originally Posted by JDeere
Only in America can we complain that our “investment” has done well. There are plenty of options open to FL and your parenst from reverse mortgages, donating his/thier home to Massachusetts etc….. That will allow him to live out his days without having to worry about the bills.
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JDeere, this is at the heart of my argument. It ISN'T an investment. It's a home. There's a BIG difference. I know it will never happen, but they'd gladly give up the "investment" gains in return for reducing their tax bill and knowing that their children and grandchildren could continue to enjoy a legacy that's helped keep the family very close. Reverse mortgages and the other avenues mentioned still result in the same end, the loss of the property.
I also fail to see how this becomes an out of state argument (other than for the folks who will take any opportunity to make it one) I'm talking about NH residents living in a NH home.
In the end the discussion isn't about tax bills. As has been mentioned, the tax bills will be there and will need to be paid. It is a discussion of how to more fairly allocate those taxes to those most able to pay.
Obviously I believe that those working are most able to pay, and those on fixed incomes are not. Not the "NH Way". But that would be my vote.
As for taxing non-residents more, didn't King George try that?
