Loading ...Hear No Evil, CEDIT No Evil
I got some more tax information from the Governor’s budget office today. Marion County lost almost $80 million when the inventory tax was phased out. And since the City-County Council failed to pass the CEDIT (County Economic Development Income Tax) to offset some of the loss, you’re staring down a tax increase of almost Biblical proportions. Had they raised the CEDIT the maximum .25 percent, you’d be paying $37 million less in property taxes. I was told the Council pulled the CEDIT off the table last year because it would have been too regressive for the taxpayers. Famous last words.
June 29th, 2007 at 8:16 pm
The constant political problem of taxation is who pays what amount of taxes proportionally. Passing that CEDIT would have put the load onto income-tax payers. Not passing it puts the load onto property tax payers instead. In both cases, owners of inventories were relieved of paying that tax by actions taken by the legislature several years ago…
June 29th, 2007 at 8:32 pm
The Democraps flunked math!
June 30th, 2007 at 3:54 am
Wilson uses the inventory tax AGAIN as an excuse for all of this mess. For the last time Wilson, the inventory tax should have been ended years ago, and it is no excuse for the Mayor’s and City Councils’ poor performance. That spin is laughable at best.
June 30th, 2007 at 6:29 am
Agreed. Everybody I talk to (even far, far left types) knows that the mayor is actually in charge of the city and not the governor. Wake up Wilson. Even if it wasn’t his fault it would still be nice to see some personal accountability for once.
June 30th, 2007 at 8:55 pm
Democrats? Personally accountable?
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!