If it had been truly progressive than lower earners would get a bigger break than higher earners and we wouldn’t be shifting more tax burden onto wage earnings. The tax plan is a tax increase for most households and a regressive one at that. |
The plan is to drive out anyone with high earners. That leaves the middle class as the high earners. After all, there are more of them to tax and they don't have the ear of the local politicians. |
+1 |
The income tax proposal is progressive. Lower earners would be taxed less than they are now. And less than higher-earners. We are shifting less tax burden onto wage earnings, not more. |
Overall, anyone who owns the house they live in will pay more in taxes. That’s at any income level. The increase in a homeowner’s tax burden is HIGHER the less money they make. That’s regressive. On a percentage basis, the effective tax rate goes up more under NFG’s proposal for cheaper houses than it would under Elrich’s proposal. That makes the property tax portion of her proposal more regressive than Elrich’s proposal. Finally, investment properties see no tax increase at all. If you raise taxes on workers but don’t raise taxes on capital assets, that’s regressive. |
With the money we shell out they should pick it up. But no, MOCO has trash all over the streets and is an unkempt mess. |
DP and you are way off base here. There is nothing MAGA in that pp comment. |
Ha! Google busses people around for twelve hour days as well but then they also extort business owners and ruin our mental health on top of it. Seems the same to me. |
The council president’s plan will hit the middle class and retirees harder than the Elrich plan. If the council president paid property taxes, her own bill would go up more than 12 percent before even accounting for the increase in assessed value. It’s almost as if the council is trying to make home ownership unaffordable. |
NFG has been the back-room champion of developers, even as Friedson has been the baby-faced shill. The bread and circuses they tout for the downtrodden are, at once, less than that needed for the truly poor, inefficient in their delivery in comparison to some alternatives and of minimal/marginal benefit to most of those whom they claim to help when compared to the much larger benefit that will be accruing to the development-investment class. Why would that last group bother to pass on tax savings to renters when the market will bear rents not reflecting that savings? |
Because the market will rise at a slower pace. You don’t seem to understand basic economics or real estate. |
Your property taxes increased 100% because the value of your home increased 100% … you psychopath |
Both you and PP seem to agree what the market will set rents irrespective of what the tax rate is. |
Great. This is a basic economics take of one aspect...and, to the degree that it might present a thought counter to the meat of the post, it presumes MoCo real estate will operate as a commodity with the elasticity of, say, soybeans. Construct a Fourier series which would model the market's achievement of a temporary equilibrium over the time that lag might be in effect, accounting for population change and demographic dynamics, likely substitute housing trends, market entrants/exits and the like, in addition to the expected inventory changes from the enacted policies, and then run the derivatives to calculate the accumulation of the tax break value (plus or minus net expected efficiencies, of course) to the suppliers (vs. to the buyers/renters). Or take your own modeling approach -- there are several from which you might choose. You'd still get disproportionality, there, with that rather marginal benefit to the consumer and rather outsized benefit to the developer/landlord/supplier. It's understood that this is how such incentives tend to work, but there doesn't seem to be anyone at the County Council who will question whether the juice is worth the squeeze (and there certainly isn't anyone willing to police the legislation to make sure that the breaks are given only when a more clearly defined societal benefit is realized as a result). Or who seem to be capable of considering available alternate approaches to address housing issues, not to mention examining the value of that versus potential alternate uses of the common wealth -- there are needs beside housing. |
this isnt how property taxes work, its not an unrealized gains tax. and my property didnt increase anywhere near 100%. this is the problem with socialists. they own nothing and they want the government to tax everyone out of their property b/c they think they'll get it you wont glad states are looking at if property taxes are the best want to fund. maryland will go to war to keep property taxes but they'll be plenty of states that get rid of them |