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So this is going to be state taxes that are going up? Or is this property taxes as well?
It doesn't seem to be clear exactly where the new "revenue" will be coming from, but there is talk of a statewide property tax in addition to your town, highway tolls (Up to $7.00 at the border), and of course raising the rates on evil disgusting "rich" people - the same ones the run companies that employ people and hire for goods and services.
We'll see.
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Originally Posted by Beeker2211
This would be a lovely narrative except "Conservative" states are in way worse shape than we are. Plus, the idea that "voters" are on the public dole is not how reality pans out. God forbid there's a huge mass of people in Connecticut that vote to maintain services for people in need, seemingly out of altruism but really also enhances the quality of life for all. And out of curiosity what do you mean it wasn't "how it was meant to be"?
Besides, this blog makes the assumption that it would be taxes on individuals that would be expanded, but the article it links to clearly suggests the primary source the Governor is looking at is the overlooked corporate tax structure.
~Cheers
And THAT's how Malloy was elected.
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Originally Posted by dazzleman
Who do you think ends up paying corporate taxes? They just get passed on to individuals one way or another. You can't tax an inanimate object or entity, though politicans always try, since inanimate objects can't vote. It's just another way for them to trick us, and it's sad that so many of us seem to fall for it.
Ha! One of my customers gets a "view" tax in Glastonbury. They have a stunning house, up on a hill so someone decided they needed to pay extra for the view. You can't make it up.
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Originally Posted by dazzleman
In Connecticyt, we have so much conceit. We think we're better than everyone else, and just assume they're doing eorse than we are. But jobs are leaving our state for these places we so despise, and we're losing ground on population to them to. We need to wake up to reality and figure out why.
I guess when you have something smelly under your nose long enough, you don't notice it after a while.
Ha! One of my customers gets a "view" tax in Glastonbury. They have a stunning house, up on a hill so someone decided they needed to pay extra for the view. You can't make it up.
Let me guess...Clark Hill Road?? Stunning views and stunning taxes on those homes...I know one guy up there I went to school with who pays 70K/year on his castle...
Ha! One of my customers gets a "view" tax in Glastonbury. They have a stunning house, up on a hill so someone decided they needed to pay extra for the view. You can't make it up.
It is not a "view tax". Taxes are based on the value of the property. Homes with a great view are worth more so their taxes are higher than someone who does not have that view. Lots in that neighborhood are going for over $500,000, some as high as $900,000 because of that view. If they did not have that view, they would be between $200,000 and $300,000.
Years ago this was not accounted for. That is why so many people with waterfront homes are starting to cry. Suddenly they are paying taxes on the true value of the waterfront homes so their taxes are skyrocketing. Jay
It is not a "view tax". Taxes are based on the value of the property. Homes with a great view are worth more so their taxes are higher than someone who does not have that view. Lots in that neighborhood are going for over $500,000, some as high as $900,000 because of that view. If they did not have that view, they would be between $200,000 and $300,000.
Years ago this was not accounted for. That is why so many people with waterfront homes are starting to cry. Suddenly they are paying taxes on the true value of the waterfront homes so their taxes are skyrocketing. Jay
I think that's right. The value of waterfront property, or other unique properties, increased quite a bit relative to the average in recent decades. Since the values are regularly updated (a good practice in my opinion), these properties have seen their taxes rise more quickly than average properties.
Within the context of the fact that property tax is a tax on value, I'm not sympathetic. You can't have it both ways. These people have seen the values of their properties soar, and I don't see why it shouldn't be reflected in their property taxes. Do they plan to turn away the increased value when it's time to sell the property?
It is not a "view tax". Taxes are based on the value of the property. Homes with a great view are worth more so their taxes are higher than someone who does not have that view. Lots in that neighborhood are going for over $500,000, some as high as $900,000 because of that view. If they did not have that view, they would be between $200,000 and $300,000.
Years ago this was not accounted for. That is why so many people with waterfront homes are starting to cry. Suddenly they are paying taxes on the true value of the waterfront homes so their taxes are skyrocketing. Jay
The exact wording was "we have an additional view tax".
They are more than just "customers" for full disclosure and are great people who have no reason to lie about something like that.
Who do you think ends up paying corporate taxes? They just get passed on to individuals one way or another. You can't tax an inanimate object or entity, though politicans always try, since inanimate objects can't vote. It's just another way for them to trick us, and it's sad that so many of us seem to fall for it.
No, not always. It depends on the elasticity of the product or service, as well as the scale.
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Originally Posted by stewarthaas
They are LOL?
NC, GA, TX, NV, UT, NH
Hate to burst your bubble...
Tx has a massive deficit for the next few years, its' highest grossing industry might suffer another bust but almost everything in the state is dependent on it. As well it is on the way to having a nearly unemployable generation, true destitution is running on, and health care there is notably atrocious. It's biggest growth industry for mass employment is Retail, which is frightening. Ga has become a mess, and poverty again is growing. Nv, same thing but with over 15% unemployment. The job market if you're not in Banking is downright terrible in NC. Ut, I don't know much about admittedly. NH seems alright, again not much I know about it. I don't want any state to do bad, but many of those areas are much more prone to booms and busts. The bust came, and we really need to examine the factors that actually face those areas. Not just rely on "it's bad here, other places MUST be better."
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Originally Posted by dazzleman
In Connecticut, we have so much conceit. We think we're better than everyone else, and just assume they're doing worse than we are. But jobs are leaving our state for these places we so despise, and we're losing ground on population to them to. We need to wake up to reality and figure out why.
I don't know if it's conceit, just that people from here have the built up wealth where they probably WILL do well anywhere. The story for people that are raised in those areas are likewise getting hammered. As for our jobs leaving the state, that's honestly debatable. Do you mean manufacturing? The picture has changed for global reasons and extremely high electricity and health insurance premiums as well as automation decimated that industry's powerhouse as an employer. Finance? Connecticut had just about every other area beat. Shipping? Yeah, we lost those jobs and hard. A lot of those "jobs" in other areas weren't manufacturing or high end service. It was construction, and that's largely gone, or retail which is hurting.
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Originally Posted by Tin Knocker
So you dont think that EVERY welfare recipient, most union & municipal employees and others who benefit directly from steal & give dont vote Democrat? You think that the people here barely getting by because of our taxation are voteing in hopes of higher taxes & bigger perks for people who sit back & collect checks?
Give me proof of this. Because almost all evidence shows that the social safety net use it for short periods to get a firmer foothold economically. A voting block made up of the poor? Just simply doesn't happen year over year. The battle against "Cadillac Queens," voting or not, is demonstratively Quixotic. Voting happens to be a very middle class/income exercise by many measures.
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Originally Posted by Tin Knocker
Just what I said. When we formed this country the vote was restricted to landowners & others with a direct interest in BETTERING our country, state & cities.
But that didn't last long in the Second American Republic, about 35 years. Plus this system was manipulated to really screw over the poor it was unfunny and caused huge social upheavals here and in Britain.
Tx has a massive deficit for the next few years, its' highest grossing industry might suffer another bust but almost everything in the state is dependent on it. As well it is on the way to having a nearly unemployable generation, true destitution is running on, and health care there is notably atrocious. It's biggest growth industry for mass employment is Retail, which is frightening. Ga has become a mess, and poverty again is growing. Nv, same thing but with over 15% unemployment. The job market if you're not in Banking is downright terrible in NC. Ut, I don't know much about admittedly. NH seems alright, again not much I know about it. I don't want any state to do bad, but many of those areas are much more prone to booms and busts. The bust came, and we really need to examine the factors that actually face those areas. Not just rely on "it's bad here, other places MUST be better."
Here is the issue...CT had no boom, and has not since the late 80's. 20+ years of negative job growth is not a good thing. Yes, we might not have fallen so far statistically speaking but that's easy when you're already on the ground floor.
As for budgets, have you SEEN our budget? For a state of 3 million to have a 3 billion dollar deficit in one year - paid for with a credit card so to speak, is nuts.
Our public sector pension fund is less than 50% funded and about *30 billion* in the negative, we have one of the highest corporate tax rates and are losing people and business. Do you realize HOW MANY companies are moving just from CA to TX on a yearly basis? HUGE numbers.
That's reality.
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Originally Posted by Beeker2211
Give me proof of this. Because almost all evidence shows that the social safety net use it for short periods to get a firmer foothold economically. A voting block made up of the poor? Just simply doesn't happen year over year. The battle against "Cadillac Queens," voting or not, is demonstratively Quixotic. Voting happens to be a very middle class/income exercise by many measures.
Um, did you see the voting results from the cities? Over 95% liberal/democrat. You think that's not "proof"? LOL
So yes, a "view" was taxed, and that's absurd. A lot goes on in this state like that, I wish more people would stop ignoring it.
People's names should not be placed on this board without their permission. I am therefore deleting it.
In response to your post, that article is from 1987. If you go to the Glastonbury GIS website you can look up the property values of all homes in town. Under their the assessment section there is a value place on the land. A higher value can be added for property with a view. I noticed that on a couple of properties that I know have stunning views of Hartford their land appraisal is higher. That maybe what the owner is talking about but there is no separate "view tax". Jay
Here is the issue...CT had no boom, and has not since the late 80's. 20+ years of negative job growth is not a good thing. Yes, we might not have fallen so far statistically speaking but that's easy when you're already on the ground floor.
We haven't been, or even are, at the ground level. CT had no boom, but it also didn't have a negative churn for business. For the 20 years it had record low unemployment, with the CT DOL having probably more accurate statistics on unemployment than elsewhere. It had a modest growth, followed by modest loss during the Great Recession. Still though, our economy is better off than much of the country.
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Originally Posted by JViello
As for budgets, have you SEEN our budget? For a state of 3 million to have a 3 billion dollar deficit in one year - paid for with a credit card so to speak, is nuts.
It is nuts. I will certainly agree with you there. It seems the GA didn't see how deep this problem was going to be and decided to gloss it over. But, during the "boom" times CT posted revenue surpluses year over year.
Quote:
Originally Posted by JViello
Our public sector pension fund is less than 50% funded and about *30 billion* in the negative, we have one of the highest corporate tax rates and are losing people and business. Do you realize HOW MANY companies are moving just from CA to TX on a yearly basis? HUGE numbers.
HUGE numbers? I've seen comepeting statistics, but hardly anything Rick Perry is claiming. In TX the cornerstone of their entire economy is oil, and that's been propped up by Oil Futures investors propping up the price of crude and refined. It will likely pop, and once that does it's going to be a royal mess for TX (Again, which I really don't want to see). And CA is not CT. CA is pretty much an ungovernable mess, with the radical elements left and right making it so their Assembly, Counties, and Municipalities have almost no power whatsoever to tax.
Quote:
Originally Posted by JViello
Um, did you see the voting results from the cities? Over 95% liberal/democrat. You think that's not "proof"? LOL
So? The last two elections were historical flukes, Bridgeport's problem sprang from both of the Registrar of Voters believing that election turnout would be similar to normal mid-term elections: about 16k votes in Bridgeport were cast in the mid-terms leading up to 2010. And that was largely because Bridgeport got the Presidential bump right before, which usually ups the turnout where ever it's held. And going along those lines I would HAVE to assume that all of Bridgeport are welfare queens.
I do find it funny, though. Some people rag on those on welfare and high taxes here then in the next breath exalt those states that have been the biggest beneficiaries of "Red State" welfare as something to emulate here. Why let those states' rich off the hook for the services that they use on our dime?
I think that's right. The value of waterfront property, or other unique properties, increased quite a bit relative to the average in recent decades. Since the values are regularly updated (a good practice in my opinion), these properties have seen their taxes rise more quickly than average properties.
Within the context of the fact that property tax is a tax on value, I'm not sympathetic. You can't have it both ways. These people have seen the values of their properties soar, and I don't see why it shouldn't be reflected in their property taxes. Do they plan to turn away the increased value when it's time to sell the property?
Personally I find the concept of taxing based on a property's value anything but fair & equitable. Taxation should always be a reflection of cost to society. More often than not those rich people cost us less to have around than less afluent people. I cant see how a person whos home has a nice view costs a municipality any more than a person who's home lacks such a view.
I think we need to revamp our tax structure & base it on useage. The more municipal services you use the more you pay. A huge home with 2 people in it uses virtually the same municipal services as a smaller home with two people & much less than an apartment with 6 people in it.
As far as that increased value they get taxed on that when they sell it as capitol gains and the buyers get to pay sales tax on it, the state gets its money coming & going, what do we get for this?
Last edited by Tin Knocker; 01-30-2011 at 04:38 PM..
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