Now you begin to know how I already feel about my high property tax. What I support is an income tax w/ the first 20 or 25k excluded, is what I want to see.
I do not support this new property tax bill because it is not based on one's ability to pay, while an income tax is. The NH property tax has become such a mean tax that I would not wish to double-burden anyone with what already is too high a tax.
An income and sales tax is already "built into' the property tax because it is the only tax in use. Doubling a prop tax is not the way to go, and you are likely correct in that it could back-fire in a number of ways.
With an income tax, people are paying their own way and not getting a hand-out, plus it's based on ability to pay.
A five percent tax on gambling is a good tax because gambling winnings have the ability to pay. Some of the proposed gambling taxes being tossed around with casinos have been much higher than 5%.
This double property tax is really a mean and nasty tax, and is not based on one's ability to pay.
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