Up in northern New Hampshire, about one hour and 15 minutes drive from Rt 93-exit23 is the large Wausau paper mill, which has been in operation for 103 years. It sits basically in the middle of town, at an intersection of two roads, and right on the Ammonoosic River. As has been widely reported, it closed on Dec 31, and 303 papermill workers making from $16-22/h & ot, & benefits, ave 18.83/h, now no longer have their long time job.
With regards to income taxes vs. property taxes, these mill workers still had to pay their property tax due in December, and again next June, December, June, December....forever. Did the Groveton selectmen make any adjustments to the property tax bill? I do not believe so.....it takes a year or two to adjust as the property tax is considered a 'lagging' tax. It lags going up, and then lags again coming down.
This illustrates how the property tax is not really an indicator of one's ability to pay.
And which tax is truly linked to one's ability to pay.........hey ITD,,,,,,,,you are a very smart guy buddy......you are correctimondo.....it is an INCOME TAX, yes, congratulations!