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Originally Posted by Woodsy
Jetskier... Property tax is the only tax we pay here. Now take your property tax on your house, then add in your income tax, and then add in the sales tax on everything you buy (except food) and you will see that the tax burden here in NH is very low, I think only Tennesee is lower.
It really doesn't matter how people percieve thier property, be it investment or lifestyle or home. All of the states in the Union view property as a taxable assest and tax property at varying rates. In NH we rely soley on property tax and want to keep it that way.
Woodsy
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The tax revenue is clearly based upon property taxes. Clearly! However, as an out of state property owner, I don't benefit from the lack of income tax. In addition, my contribution to overall cost is much lower than a full time resident...that has been discussed in this thread extensively. As such, it makes no sense to consider higher taxes for out of state owners. In addition, if you are going to run a state with a low tax burden, spending prudence is extremely important. As such, the deferred vacation payout previously mentioned is rankling. I believe that out of state owners carry their fair share of the tax burden. Nuff said.
Jetskier
