Do you support eliminating property taxes for low-income seniors?
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75 votes
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19 votes
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14 votes
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Politicians are always talking about protecting seniors. They will promess almost anything for a vote. But where do they stand where it counts, in your wallet?
Many seniors on fixed income/pension are struggling right now. They have been hit hard by inflation and rising food/energy prices.
Many of them worked hard to pay off their homes and contribute all their working life to Social Security. So how do we reward them?
They are taxed higher at tax time because they no longer qualify for the EIC (Earned Income Credit) and have to pay taxes on their Social Security check.
On top of this, they have to pay property taxes every year regardless of their economic situation and whether they own the house or not.
Wait a minute Blue! Shouldn't the govt treat everyone equally?
In a perfect society, I would say yes. Everyone should be treated the same and pay the same for services. But as long as we have an entire section of the electorate unfairly taxed and neglected, these issues must be addressed.
Let me know what you think. Vote now, leave a comment, reply, share with all your friends and Rave!!!
BlueRepublican Tax Series :-)
Top Opinion
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Dwight-AFCL>dogsbody 2012/09/22 18:33:01YES
+9These people have worked all their lives to make and contribute something, they diserve a break.
Seniors that own property in upper value areas get hit hard. I'm not talking about the country club set, I'm talking about the little old lady that owns a modest home in Santa Fe where Hollywood yahoos have moved in and brought the entire market out of the affordability range.
Add to that the fact that the government is screwing with Medicare, insurance rates are climbing (Medicare supplement policies), and we're about to see 'necessariliy sky rocketing electricity costs' as Obama's EPA kills the coal industry, and ya. Seniors are indeed getting the shaft.
I'd have no problem whatsoever with lower income seniors getting a significant break or altogether wiping out their property taxes.
Question to the author of the blog:
How do seniors that don't own property end up paying property tax? Perhaps your state is more onerous on the personal property items than mine?
Many folks bought their homes for maybe 50K and the assessor comes in and says its now worth 250K and you should pay those taxes. That's more than their original house payment.
Most folks were forced to sell their homes.
When you are over 65 and retired, you shouldn't have to pay full price on taxes.
It was explained to me that a major portion of our taxes contribute to the school systems' funds, and the discount is linked to that.
By the time most have reached retirement age, even with no children, homeowners have contributed for several years beyond when they are likely to have children in school.
...Seems fair.
After a while there might be tax-free neighborhood... and think of all the low income people lining up to buy into those...
I await your response... because you always consider ideas... and that's all one can ask for friend...
:)
We're still gonna hafta make an exception for low-income seniors though.
They've paid enough already.
-BR
See how compromise can bring us together!
:)
Now if only our representatives can figure out it's not that difficult...
And look at how much eager City's will be trying to keep up with development and build upon new locations to gain new revenue sources... especially when they can't expand in older neighborhoods after an increase in repopulating areas once abandon.
They could even go further with the old tax free zones for businesses that invent in low income neighborhoods.
This could be a win/win for everyone in an active community...
:)
I see the need... the need for speed... Maybe we can make a few $$$ consulting BR... what do you think...
Problem with that is some would take advantage of that situation by trying to make money off of it by buying and selling homes and not having to pay property taxes on them, flippin homes and corrupting the system.
Remember bernie madoff is a senior citizen, and there are many out ther like him so special rules would need to be put in place like one home option, and residency of at least 5 years in that home.
People who are legit should be given a break, but people who are in it to fool the system should be kept out!
It's easy to say, "yea, let's do it" without considering the consquences.
Things need to change, and soon!
It isnt our fault.