Homeowners, beware.
State and local governments scrambling to raise money during the economic crisis caused by the coronavirus pandemic are looking to increased property taxes -- as well as wealth taxes and more -- to fill budget holes.
The proposals come as officials are trying to strike a balance. Historic job losses caused by lockdowns fueled the downturn that's put the squeeze on city and state budgets. Washington sought to offset this with stimulus payments, additional unemployment benefits, business grants and more. Any push to raise taxes too dramatically could hurt the economy even more.
But some officials argue that increases are unavoidable.
Property tax rates in Nashville, Tenn., will be increasing by 34 percent in what Mayor John Cooper described as a “painful but necessary” move that will raise money for the city, which has taken a hit during the pandemic.
More
https://www.foxnews.com/politics/local-governments-weigh-major-tax-hikes-to-plug-coronavirus-induced-shortfalls
That’s right. We don’t really own our homes.
ReplyDeleteWhat to do if some elderly couple can’t pay 34% more taxes on their home?
This is the squeeze
Young people don’t feel it yet, but they will
Sooner or later the government will come after our wealth. All of us.
That’s what communism does.
Young people, read this, consider history, push back now! You have achieved the American Dream of homeownership and it is quietly being taken from you!
ReplyDeleteHow are there shortfalls when the Feds are hemorrhaging cash to these states?
ReplyDeleteThrown away? Gave away? Bolster pensions? All of the above? I think that's what will be found.
well since the schools aint operating, just take it from them in the meantime! easy peasy!
ReplyDeleteWhat did I tell you, and here it comes!!!! More taxes, higher taxes because of what??? Shortfalls, why??? Because the govt shut you all down, so they could raise more taxes on you slaves!!!! When will you retards learn!!!!
ReplyDelete8:39
DeleteThe period is a nice little punctuation.
Give it a try
The narrative now is that states that reopened in the last 72 hours have had an uptick in covid-19 cases. I thought the incubation period took up to 14 days? So you mean to tell me that in 72 hours people went out in public, came in contact with an infected person, contracted the virus, started getting symptoms, went to the doctor and got tested, got their results back, and rushed them to the media so we could all be informed? Wake up America!!!!!
ReplyDelete