Eliminate Florida's property taxes and raise sales tax

In the debate about Florida property tax reform, the one item that seems to be missing from the equation is the cost of collecting property tax. Full Story
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regressive tax idea

Pompano Beach, FL

#1 Nov 27, 2007
Ever heard of this term? "Regressive tax." It affects the poorest more than the rich. It's your idea. From
http://www.britannica.com/eb/article-9063068/...

tax that imposes a smaller burden (relative to resources) on those who are wealthier; its opposite, a progressive tax, imposes a larger burden on the wealthy. A change to any tax code that renders it less progressive is also referred to as regressive
The Frito Bandito

Chesterfield, MO

#2 Nov 27, 2007
Our crying liberals will never allow a sales tax swap to happen. Even if the floridaballotinitiative got the 611,000 signatures it wouldn't get 60% of the vote in Nov. 08. There's way to much opposition to such a bold idea.

The best we could hope for is a hybrid plan between sales tax and property tax. But thanks to SOH even that's not likely.

We can vote to provide portability to those already paying the least in property taxes, and when millage rates rise because of valuations dropping all the longtime entitled special elite SOH'ers will cry. Because they're use to everyone else paying all the increases from the demands of local governments.
nameless

Miami, FL

#3 Nov 27, 2007
This ain't rocket science folks. Florida has high property tax rates because it has 1) high milage rates and 2) high property values. Most states do have lower property tax milage rates, but they also have state/city income taxes to make up for it. Some states also have vehicle value taxes or higher sales taxes. Tax Man gonna get you wherever you at.
SOH Needs to go

Pompano Beach, FL

#4 Nov 27, 2007
Good idea.
frmrbird

Bronx, NY

#5 Nov 27, 2007
nameless wrote:
This ain't rocket science folks. Florida has high property tax rates because it has 1) high milage rates and 2) high property values. Most states do have lower property tax milage rates, but they also have state/city income taxes to make up for it. Some states also have vehicle value taxes or higher sales taxes. Tax Man gonna get you wherever you at.
Thousands of properties are sitting unsold despite listings lower than appraised value.

Many have sold at lower than appraised value.

Thousands more lis pendens.

At some point even taxman has to admit appraisals for RE Tax no longer valid, and will have to adjust them to match selling prices.

As you point out, he WILL get his money somehow.

Question is, who is going to make up for the lower revenues from RE transactions and taxes, and what schemes will govt come up with to feed its habit ?
Alberta

United States

#6 Nov 27, 2007
Tax the School Board, they need to be accountable. Tax the Seminoles, they have plenty of money. Reservations were one thing, now they are branching out into every type of industry. I would have plenty of money too if I weren't taxed.
Bryce Wagner

Port Saint Lucie, FL

#7 Nov 27, 2007
Sounds like a great idea until the next time you have to buy a major appliance, or a new vehicle dude, then reality sets in. An extra percent or two doesn't sound like much until you add it to the price of a 40 thousand dollar car, or new stainless steel appliances for the kitchen. Property taxes come due once a year, the sales tax increase hits everytime your wallet or purse comes out. And the rich will buy in another state and have the item shipped or driven here anyway, leaving Joe Average to eat the tax burden.
soon to be

AOL

#8 Nov 27, 2007
I agree with the sales tax to replace property tax, but only if we tax everything, food, etc, services,sales of stock,homes, etc. Not just on select items so everybody pays, this will be fair because the rich will pay more, including for the stock they pruchase,
Victoria Thiel

United States

#9 Nov 27, 2007
Someone with reason. Wow what a concept. Why can't everyone see that this is the solution?

“One never knows,do one?”

Since: Nov 07

Boston,Ma

#10 Nov 28, 2007
Bryce Wagner wrote:
Sounds like a great idea until the next time you have to buy a major appliance, or a new vehicle dude, then reality sets in. An extra percent or two doesn't sound like much until you add it to the price of a 40 thousand dollar car, or new stainless steel appliances for the kitchen. Property taxes come due once a year, the sales tax increase hits everytime your wallet or purse comes out. And the rich will buy in another state and have the item shipped or driven here anyway, leaving Joe Average to eat the tax burden.
Stainless steel appliances(that you only buy one time)don't come anywhere near property taxes ,unless yours are really cheap.
cplus

Leesburg, FL

#11 Nov 28, 2007
Bryce Wagner wrote:
Sounds like a great idea until the next time you have to buy a major appliance, or a new vehicle dude, then reality sets in. An extra percent or two doesn't sound like much until you add it to the price of a 40 thousand dollar car, or new stainless steel appliances for the kitchen. Property taxes come due once a year, the sales tax increase hits everytime your wallet or purse comes out. And the rich will buy in another state and have the item shipped or driven here anyway, leaving Joe Average to eat the tax burden.
Can't afford the sales tax on a stainless steel refrigerator? Then buy a cheaper model and you will pay less tax. See, with sales tax, you can control how much you pay...unlike with property taxes which are set on some fictional value the appraiser THINKS your property is worth. And you don't lose your home if you can't pay sales tax. And you only pay sales tax ONCE for each thing you buy. And it hits everyone EQUALLY...owners, renters, illegals, etc.

So big deal...I have to pay a heftier sales tax on a new refrigerator or car once every what...7-8 years? I'll gladly take that so I don't have to worry about losing my home...The money people save each year from not having a property tax bill will easily cover the increased sales tax.

What sucks about property tax is that the reality sets in EVERY year for as long as you own your property. Or rather, as long as you rent it from the government (just don't pay your taxes and see who really owns it).

Wake up people...eliminate property taxes, and take back the right to OWN your property when it's paid for! We need to tax CONSUMPTION!
JTK

Pompano Beach, FL

#12 Dec 1, 2007
Bryce Wagner wrote:
Sounds like a great idea until the next time you have to buy a major appliance, or a new vehicle dude, then reality sets in. An extra percent or two doesn't sound like much until you add it to the price of a 40 thousand dollar car, or new stainless steel appliances for the kitchen. Property taxes come due once a year, the sales tax increase hits everytime your wallet or purse comes out. And the rich will buy in another state and have the item shipped or driven here anyway, leaving Joe Average to eat the tax burden.
You don't see the big picture...

So we have to pay an extra 2% on a refrigerator...Thats gonna set me back a whopping $20.00 bucks on that purchase...And an extra $800 on that $40k car you mentioned...

BUT---I have an extra $10k cash sitting in my bank account from not paying it to the property tax collector, so I think I could swing those increases quite nicely!

Fact is, even if your property tax is only $5k a year, at 2% more in sales tax, you would need to buy taxable goods totaling $250k dollars to equal what you would have had to pay with the increased amount of sales tax...

Not likely to happen anytime soon for about 99.99% of us...
Lowell

Boca Raton, FL

#13 Dec 3, 2007
Way to go Paul...now that is a great idea.
alwayspoor

Tampa, FL

#14 Apr 11, 2008
Oil is up, food is up, and lets raise the sales tax. Lets keep sticking it to the poor.
miffed

Fort Lauderdale, FL

#15 Apr 11, 2008
Bryce Wagner wrote:
Sounds like a great idea until the next time you have to buy a major appliance, or a new vehicle dude, then reality sets in. An extra percent or two doesn't sound like much until you add it to the price of a 40 thousand dollar car, or new stainless steel appliances for the kitchen. Property taxes come due once a year, the sales tax increase hits everytime your wallet or purse comes out. And the rich will buy in another state and have the item shipped or driven here anyway, leaving Joe Average to eat the tax burden.
That extra 2.5 cents would add $1000 to the prices of a 40k car, big deal the average person doesn't buy a $40000 car, but buying an average home would cost him $9000 in property taxes. The average person would need to spend $360,000 every year to equal what he pays in property taxes. Even a person owning such a home protected by SOH pays over $2000 in taxes and could still by 2 40000 cars for what he pays in property taxes
DemLover

Seattle, WA

#16 Apr 11, 2008
alwayspoor wrote:
Oil is up, food is up, and lets raise the sales tax. Lets keep sticking it to the poor.
All taxes in Florida will need to be eliminate if we are to ever turn this housing decline around.
miffed

Fort Lauderdale, FL

#17 Apr 11, 2008
alwayspoor wrote:
Oil is up, food is up, and lets raise the sales tax. Lets keep sticking it to the poor.
If you make the sales tax swap the poor will benefit most of all . those making 25000 or less don't have enough spendable income after paying for Housing, food and medical for the extra tax to add up to more than $100 per year, yet his savings on property taxes or rent would far exceed tht if there were no property taxes
DemLover

Seattle, WA

#18 Apr 12, 2008
Taxes are destroying Florida. Wages in Florida are not high enough to support these high home prices, taxes and insurance costs.
miffed

Fort Lauderdale, FL

#19 Apr 12, 2008
the high taxes are wiping out our discretionary income. It is killing the private schools, as fewer parents can afford to send their kids after paying property taxes. with gas prices, food prices and taxes many are postponing or forgoing major purchases, like cars, tv's etc. this will drive the economy down in a spiral. the states will experience major shortfalls and will b forced to scale back drastically. Like it or not. it will have to because no one will be able to pay the taxes.
miffed

Fort Lauderdale, FL

#20 Apr 12, 2008
miffed wrote:
<quoted text>If you make the sales tax swap the poor will benefit most of all . those making 25000 or less don't have enough spendable income after paying for Housing, food and medical for the extra tax to add up to more than $100 per year, yet his savings on property taxes or rent would far exceed tht if there were no property taxes
The best thing about a consumption based tax is that they cannot become abusive. It puts the power directly in the hands of the taxpayers. We can cut the states budget anytime we want. If we don't buy the state gets no money and has no recourse. They cannot take your home, fine you or anything else for not spending.

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