tag:blogger.com,1999:blog-12703782.post2720859868516195904..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12703782.post-75104761123211489862009-01-11T18:18:00.000-05:002009-01-11T18:18:00.000-05:00AI,<BR/><BR/>I would agree. i would also point out there is no more of a regressive tax than property taxes.Paul K. Ogdenhttps://www.blogger.com/profile/16137003328850866711noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-3725161569099501042009-01-11T17:31:00.000-05:002009-01-11T17:31:00.000-05:00Sales taxes are driven by economic activity. If people don't have money to spend, sales taxes plummet, which is exactly what is happening right now, particularly with people not buying new cars. The regressivity of the sales tax is lessened by our sales tax exemptions for food and drugs. People can make choices to reduce their sales tax liability which they can't do with property taxes. The property tax caps do not translate into a $1 for $1 overall tax savings or necessarily ensure overall government spending is reduced. That's a given.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-54057709583418212642009-01-11T17:20:00.000-05:002009-01-11T17:20:00.000-05:00AI:<BR/><BR/>Has anyone studied how much additional money the State has gained from the 1% sales tax increase? I ask because if every dollar Hoosier save on property taxes is replaced by one dollar raised on sales taxes, what was the point? <BR/><BR/>You say, "Well, not everybody is going to break even under that system." You are right, and I would wager that very wealthy home owners saved a more money money than they pay in additional sales taxes, while low-income/renters pay more now. I am somewhat disgusted that my party allowed itself to get steamrolled into making Indiana even MORE regressive. But that's what fear of losing office can make you do.POPAhttps://www.blogger.com/profile/00558836541249077077noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2832915238734308942009-01-11T13:41:00.000-05:002009-01-11T13:41:00.000-05:00While I support the elimination of many of the layers of government, I question Mayor Ballard's comment that he will trim the new projected $13+ from the budget....that budget is already in trouble as many gimmicks were used to make it appear to work.....artfugginshttps://www.blogger.com/profile/05364503656694166926noreply@blogger.com