Reply to Free bus service in DC proposed

Forum Index » Metropolitan DC Local Politics

Reply to "Free bus service in DC proposed"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tax receipts are about to fall off the table but, sure, let's create a new spending program. [/quote]

How many times have you come crying wolf about that?  It's as long as I can remember.[/quote]

The city has been living in la la land for years now thanks to low interest rates that created a giant real estate bubble and, with it, send property taxes soaring, and thanks to Congress dumping a mountain of money on state and local governments. All of that is now coming to a crashing halt. You are free to be completely ignorant and assume tomorrow will be exactly the same as yesterday but I'd suggest maybe paying a little bit of attention to what's happening around you. Things are going to get ugly. [/quote]

DC taxes on everyone are going way up, even people with modest incomes. Unlike the federal government, DC does not index its income tax brackets for inflation. People are getting raises because of inflation (though those pay raises rarely keep up with inflation so in real terms people's incomes are actually declining even if they get raises). But those pay increases are pushing people into higher tax brackets in DC because we have this incredibly stupid policy so everyone's tax bills are going up, even though their inflation adjusted pay is going down. The city says income taxes on individual Washingtonians will go up 16 percent this year because of inflation. DC's tax system is appallingly bad but people don't seem to care.

[/quote]

The bad news is the city is taking hundreds or thousands of dollars more from you in taxes. The good news is you save $2 riding the bus. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics