Get real!

Anonymous — Fri, 19 Jan 2007 01:26:20 GMT

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!

must consider net worth

Anonymous — Wed, 17 Jan 2007 01:40:02 GMT

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.

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

admin — Mon, 01 Jan 2001 05:00:00 GMT

Introduced in the House on January 15, 2007

Click here to view bill details.

Welfare, Medicaid and Social Services

Get real!

must consider net worth

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