Consumption taxes vs Income taxes… // Dave Finet

I’d like to thank Mr Wolf for reinforcing my point with his informative email.  The difference between consumption taxes (as most of the taxes he mentioned ARE consumption taxes) and income taxes is EXACTLY the reason that some STATES don’t even collect income tax!

http://www.howmoneywalks.com/consumption-tax-vs-income-tax-why-more-states-are-opting-to-collect-consumption-taxes-only/

Consumption taxes are more progressive than income taxes and (in the East Lansing situation) don’t punish “non-residents” for East Lansing’s financial mismanagement and force them to pay for anyone else’s “quality of life”.

So, yes, compare all you’d like… but … Read more →

Smart Development, Cool City, No Income Tax // Matt Mitroka

While East Lansing may have limited options to increase property taxes, there is the option to raise more money via property taxes in the form of increased property values and reassessment at the time of sale. While there are the issues of potential bait and switch by developers, etc, there are also the issues that East Lansing seems to be afraid of student developments and increased urban density. Yes, previous eras of MSU students acted in ways that hurt the relationship between the City … Read more →

DON’T MISS OUT!
Get notified when a new PR essay is published:
Subscribe Now
Give it a try, you can unsubscribe anytime.
close-link