"Texas should replace the property tax system with an appropriate consumption tax equivalent".
Thought on this? It's the last thing on the ballot I am trying to research and really understand the ramifications of "yay" or "nay". Based on things I have read, the tax rate could go up to 23% on buying goods. Meanwhile, they seem to raise property taxes to something ridiculous. I've been getting reamed year after year on increases from both of my properties.
I'm thinking a "Nay" on this one and a "yay" on prop 10 which caps it at 4% and then needs voter approval for more. I can't see too many folks liking a massive tax hike on bought goods. On the other hand it could spark better spending habits but that is a personal problem not a government problem. Also, what about those renting properties, their monthly rent would probably sky rocket since investors and owners of those properties would be on the hook for repairs and other wild spending.
The more I write this and think about it, the more I think a Nay would be appropriate. Thoughts?
Thought on this? It's the last thing on the ballot I am trying to research and really understand the ramifications of "yay" or "nay". Based on things I have read, the tax rate could go up to 23% on buying goods. Meanwhile, they seem to raise property taxes to something ridiculous. I've been getting reamed year after year on increases from both of my properties.
I'm thinking a "Nay" on this one and a "yay" on prop 10 which caps it at 4% and then needs voter approval for more. I can't see too many folks liking a massive tax hike on bought goods. On the other hand it could spark better spending habits but that is a personal problem not a government problem. Also, what about those renting properties, their monthly rent would probably sky rocket since investors and owners of those properties would be on the hook for repairs and other wild spending.
The more I write this and think about it, the more I think a Nay would be appropriate. Thoughts?