Types of Tax

Beware liberals promising to tax someone else in the name of helping children. They'll end up taxing you while they and their friends benefit.
Wall Street Journal Editorial, February 28, 2006

The ad valorem property tax is the primary revenue source for local government in the United States. Some states tax real estate heavily and exempt personal property. Others tax both. Still, others rely more on income tax, sales/use tax or they tax sins. Then there are those who boast of their low property taxes and instead tax intangible property.

The fact is that government costs money. It doesn't really matter where you are located. Government costs about the same everywhere subject only to minor variations.

Nationwide, local governments are are looking to increase revenues from constant sources such as the property tax because sales tax revenues are declining. As a result, property taxes will be increasing at double-digit rates again during 2008.

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