Reply to Renting but not occupying for DCPS in-boundary residency purposes?

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Reply to "Renting but not occupying for DCPS in-boundary residency purposes?"

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[quote=Anonymous][quote=Anonymous]
[b]A low or middle-income SES earner who's renting can't expand the tax base like a parent investing in DC real estate and paying property tax, preferably on multiple properties. [/b]The larger the tax base, the more funds available for services to the poor. The more high SES families who stay, the more high SES classmates for low SES kids who benefit from having high SES classmates, and high SES parent watchdogs and fundraisers in DCPS schools. We gain nothing as a city when high SES parents hit the road for lack of schools they're comfortable with.

[/quote]

Not necessarily true.

Low and middle-income earner who rents is paying more proportionally in taxes (income, sales and indirect property tax) than a wealthy family who itemizes and takes advantage of tax-deferred savings vehicles.

The "best" taxpayers, from the city's perspective, are professional, childless 20- and 30-somethings who use very few city services and spend their disposable income on entertainment and restaurants. Families of all income levels, demand and consume a lot more city services, as do seniors. [/quote]

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