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Jan
22
If Income Tax Is Approved, Can We Trust It Will Stay At 1%?
Filed Under COIT, Income Tax | 4 Comments
Query: If the Lake County Council is able to figure out a way to pass a county option income tax and also convince the Commissioners to go along, can we trust that the new tax won’t rise from 1 percent to 4.5 percent (or more) at some point in the future?
Steve 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 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.
I personally don’t trust the local government to cut back and fully expect that as soon as new tax money rolls in, it will immediately be allocated and more “needs” — some legitimate and some not so much — will be found requiring another tax increase.
I could be wrong, however.
Any thoughts?
Jan
18
Will Lake Co. Income Tax Arise From Death?
Filed Under COIT, Income Tax, Lake County Council | 3 Comments
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.
