Quote:
Originally Posted by Adder
True, but most places the only local tax is on property, no? Minnesota law does not allow local income or sales/consumption taxes (unless approved by the legislature).
But yes, the problem with school funding on property taxes is that they're local, not that it's on property.
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There are a number of cities that tax income as a way of reaching suburbanites who earn income in the city but don't live there, and there are many, many places, especially in red states, that allow local surtaxes on a state sales tax. There are also a few places, like NH, with statewide property taxes.
On a couple of occasions I have had to answer the question of where some rich person with 8 houses should establish residency. Income taxes get all the press, but wealth taxes play just as big a role. The answer, in case you are curious, is that rich people should try to locate in places where services are modest and taxes heavily paid by outsiders, by consumption taxes, or through subsidies, like Nevada, Alaska, and South Dakota. Most rich people hear the answer and decide it's not worth it to live in those places.
