DC Income Tax Increase a Bad Idea

[KStreetQB]

Originally Posted by BajanYankee

As far as taxation is concerned, there's always the option of cutting services. How about trash collection once per month instead of once or twice a week? Fewer police? What do you say?

I'd say reduce street cleaning, but after watching those semi-functional trash plows scoot around DC, I'm convinced we only use them to ticket vehicles.

[20009 Is Mighty Fine]

Chasing high earners to VA and MD = a glut of high-end real estate on the market in DC = lower prices for nice homes in nice 'hoods = me moving into that townhouse in Dupont Circle. I fail to see how this is a bad thing.

[Curbed Enthusiasm]

Originally Posted by 20009 Is Mighty Fine

Chasing high earners to VA and MD = a glut of high-end real estate on the market in DC = lower prices for nice homes in nice 'hoods = me moving into that townhouse in Dupont Circle. I fail to see how this is a bad thing.

How about an evaporating tax base to pay for essential public services? That's a bad thing, especially given DC's already stratospheric deficit.

[Mrs. 14th & You]

From what I heard last week on the Kojo Naamdi show, it sounds like the tax would most likely be on those who earn $250k+. It also sounds as if it would amount to a few hundred dollars per year. If that is indeed the case, it won't push folks out of DC any more than the car tax prevented NoVA from growing.

[14thandYou]

Originally Posted by RyanZ

How about an evaporating tax base to pay for essential public services? That's a bad thing, especially given DC's already stratospheric deficit.

This won't push anyone out of the city who doesn't want to be here already. The stratospheric rise in DC real estate values isn't simply coincidental--people are making a concerted effort to move into the city, and are willing to pay top dollar for it.

[BajanYankee]

Originally Posted by 14thandYou

This won't push anyone out of the city who doesn't want to be here already. The stratospheric rise in DC real estate values isn't simply coincidental--people are making a concerted effort to move into the city, and are willing to pay top dollar for it.

Exactly. People will pay a premium for one, the amenities, and for two, an address. Do you have any idea how many people I know who won't cross the East River to go to Brooklyn or Queens because it's not MANHATTAN? It doesn't matter that it's the same city...people want to be a part of it, and to some people, anything less than Manhattan is not being "a part of it." I know some New Yorkers who are so extreme that moving to Murray Hill would be a death of some sorts.

DC is becoming the same way, I think.