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Legal Guides
Jan
18
Just when it seemed that the proposed Lake County income tax was dead and buried after angry villagers with torches and pitch forks vanquished it, the second act of the play begins.
Like an evil creature from a Stephen King novel, the proposed Lake County income tax is slowing coming back to life.
Only time will tell if the evil creation will be powerful enough to defeat the good guys and destroy the local economy by rearing its ugly head just as economists are predicting a recession.
Read more at nwiblogs.com.
- Blue County in a Red State says that the dreaded Lake County Income Tax (COIT) will pass on the...
- The Lake County Council votes on whether to approve a Lake County income tax tomorrow. I predict sometime in...
- I was running a little late to the Lake County Government Center, so I missed the “non-vote” that killed...
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3 Responses to “Will Lake Co. Income Tax Arise From Death?”
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Ok, I’ll take the bait. I for one think that Lake County should move to an income tax, and use the proceeds as a way to cut property taxes.
In addition I think that all Lake County government offices should have to cut 15% from their spending in 2008, so don’t think that I’ve lost my conservative way.
I’ve been arguing with Buzzcut that a consumption or income tax is always fairer than an asset tax anyway.
Hi Steve,
I wouldn’t have a problem with a county income tax — all other counties in Indiana have one — except for the fear that it will keep rising as the government’s “needs” continue to increase.
I don’t trust that a 1% tax won’t become a 4.5% income tax at sometime in the future because of budget shortfalls, etc.
Also, since everyone is talking about the need to stimulate the economy, taking 1% (or 4.5% at sometime in the future) reduces that amount of money available for local businesses and could prolong the effects of the economic downturn in Lake County.
[...] Dalton replied to an earlier post about the efforts in the General Assembly to get a brand new tax for Lake County: Ok, I’ll take the bait. I for one [...]