Yeah, I would love to know where all the money is going to come from.
............Edit: the news stories I see are for BUSINESS property taxes, not personal property.
The pan is to phase out personal property tax for business.
Pence Plan Could Phase Out Business Personal Property Tax | News - Indiana Public Media
This would mean that a business would not pay property tax on, say, its manufacturing equipment used in Indiana. A store would not pay personal ppty tax on its shelves and desks that sort of thing.
This would not impact the property tax on real estate such as your home or farm.
When you think about it, businesses already DO NOT PAY property tax. That money comes from the customers who pay more for the product and workers who have lower pay. "Eliminating the middleman" in this case will allow the business to offer their product at a more competitive price, and maybe pay their workers a little more. They should be able to sell more and employ more people. It would also make other companies more interested in locating here, bringing more employment.
.....opps........sorry, I forgot about nationalized healthcare.............that will trump everything anyone can do that is even remotely productive. Sorry, I was daydreaming about what life is supposed to be like.
A shame the OP's take wasn't correct.
If it's too good to be true, it probably is.
Property (real estate) taxes are one of the most onerous forms of taxation; their repeal should be high on the list of any lover of liberty.
When you think about it, businesses already DO NOT PAY property tax. That money comes from the customers who pay more for the product and workers who have lower pay. "Eliminating the middleman" in this case will allow the business to offer their product at a more competitive price, and maybe pay their workers a little more. They should be able to sell more and employ more people. It would also make other companies more interested in locating here, bringing more employment.
.....opps........sorry, I forgot about nationalized healthcare.............that will trump everything anyone can do that is even remotely productive. Sorry, I was daydreaming about what life is supposed to be like.
Yeah, I would love to know where all the money is going to come from.
Sir, I would like to see you run for governor. You have my vote!!I don't care where they get the money from. Here's an idea, cut services! Streamline our wasteful government. Property taxes are nothing but extortion. Charge me for the services I use and nothing more.
Yep. I believe we should only pay for the services we us and only pay taxes if we so choose. So if I don't want to pay fuel taxes I'll ride a horse. If I don't want to pay sales tax then I'll reduce my spending.If Pence and the legislature do this , eliminate property tax ( witch I severely doubt due to the schools - teachers unions - parents and the stupid among the public ) , if they do eliminate it .
You will see wealth , prosperity and revenue poor into this state from business and people moving here to OWN what they pay for and knowing that they can pass it on to their children with no worry .
You will see elderly move here so that they can buy their home knowing they can die there and not fear being put on the street with a tax warrant .
If we do this and yes we should and it should have been done when Mitch had the chance with the change in the constitution on property tax ... it could be one of the best things done for the
country at large in years ... How ? Copy Cat legislation . When other states see how it will help Indiana economical and how they will LOOSE revenue . They will change to hold on to the people and money they
already have .
I don't believe we as a people have the guts to do it . But you never know .