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Latest post 01-18-2007 8:26 PM by Anonymous. 2 replies.
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  • 01-01-2001 12:00 AM

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    • Top 10 Contributor
    • Joined on 11-19-2008

    2007 House Bill 1213 (Providing sales tax relief to certain qualifying individuals.)

    Introduced in the House on January 15, 2007

    Click here to view bill details.
  • 01-16-2007 8:40 PM In reply to

    must consider net worth

    The concept of providing tax breaks for senior citizens based solely on income is seriously flawed. Many seniors have little "income" but lots of resources that make up their net worth. To allow these wealthy (in terms of net worth) seniors to push the burden of paying taxes to younger taxpayers who are trying to build their net worth from relatively higher incomes while raising their kids, paying off their mortgages, spending inordinate amounts of time in traffic, etc. is totally unfair. Before considering this kind of legislation, there must be some consideration of the totality of a person's (or couple's) assets including income (e.g. pensions and Social Security as well as salary) but also other assets (including 401(k), paid off house, stocks, bonds, etc.) The fact that we have no way to find a U.S. tax form to substantiate this value does not obviate the need to do so. It just means that we can not categorize seniors solely on the basis of income and pass legislation such as this.
  • 01-18-2007 8:26 PM In reply to

    Get real!

    This will cost shift and will create a whole new set of state government costs. If our taxes are too high and the state can afford the cut to this group, just lower the overall tax rate!
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