MarotteMarauder
Registered User
- Jul 23, 2022
- 555
- 556
Sticking what to the poor? The cost of the goods and services that they use?Flat tax never works and is just a means to stick it to the poor.
Sticking what to the poor? The cost of the goods and services that they use?Flat tax never works and is just a means to stick it to the poor.
There's no doubt that it could be considered an "asset" but so could many other things, and if we're giving 9 figure tax breaks to create, or help create, an asset, then maybe we should pick the asset that does the most for the community.Your tax knowledge is impressive, Idionym.
I guess in the end, my position is sort of like this. I think a dome stadium is an asset to the entire Chicagoland area. I think many major markets have such stadiums, but for whatever reasons, Chicago never has had one. The reality is, you're probably not going to have one built with zero help from the governement and a complete lack of tax discounts or certainty given to the owner. I doubt there's any case like this in the country. Even Sofi stadium, which cost 5 bil and was entirely self funded, has an estimated 180 mil in tax rebates coming.
What you’re proposing is effectively a regressive tax increase on the working poor, who would end up paying a much higher percentage of their much smaller incomes than millionaires do towards roads, schools, garbage pickup, fire department, and everything else that makes a municipality tick. Should a family making five figures pay the same dollar amount in taxes as a family making seven figures? Putting aside that it’s not feasible, bad economics, and that no municipal budget could survive it, it once again comes down to the type of society you want to live in. Open your eyes and enter the world with other people in it. It’s not too late.Sticking what to the poor? The cost of the goods and services that they use?
Thanks, I work in state/local politics so it's damn near required knowledge for my job.Your tax knowledge is impressive, Idionym.
I guess in the end, my position is sort of like this. I think a dome stadium is an asset to the entire Chicagoland area. I think many major markets have such stadiums, but for whatever reasons, Chicago never has had one. The reality is, you're probably not going to have one built with zero help from the governement and a complete lack of tax discounts or certainty given to the owner. I doubt there's any case like this in the country. Even Sofi stadium, which cost 5 bil and was entirely self funded, has an estimated 180 mil in tax rebates coming.
The entire ad valorem system of property taxation should be scrapped.
Their is no direct connection between valuations and the taxing entity budget needs.
Should be a tax per head for the basic requirements of a community. We can argue what those requirements would be.
Beyond that, things should be paid for via user fees.
An argument can actually be made that people with high $$ properties and high $$ taxes use less public services not more.
Come on man lol. We might as well bring the tithe and monarchs back at that point. Actually, sorry to monarchs, because most medieval kingdoms didn't even have a tax system this regressive. You're proposing something even the Kings knew would be so deeply unpopular they stayed away from it!Sticking what to the poor? The cost of the goods and services that they use?
All good man. It’s funny you say you work in politics. At one point, I thought to myself that it feels like I’m debating Bernie Sanders here. Hehe.Thanks, I work in state/local politics so it's damn near required knowledge for my job.
I don't disagree with you. I don't think the Bears will need to go at it alone (even though I think it should be on the table in principle, but in reality it's not). I think the most likely thing that will happen is that they'll appeal the assessment and argue they overpaid for the land (which I think is probably true!), and negotiate with the taxing bodies (mainly the 3 local school boards). I'm sure they'll strike a deal and get some tax relief. I don't really gamble, but I'd bet $1,000 on it easy.
What I've taken issue with is that the Bears have gone about it by trying to preempt local governments by going directly to the state legislature to get them property tax relief (letting them not negotiate with the school boards who are by far and away the largest recipient of property taxes). It's something that they'd obviously do but it's definitely scummy that you're asking politicians from the Quad Cities to Cairo to take away massive amounts of money from Arlington Heights schools with very little local input.
Luckily that didn't work, but then they go and cry about it to the media and act like they're being treated so unfairly! Before even going through the negotiating process! That's where I got annoyed, that they felt so entitled to MASSIVE tax cuts without even going through the normal process and then had the gall to act like they're the victim.
All that I want is for our government bodies to fight as hard for taxpayer money just as the Bears are going to fight hard for their bottom line. What happens too often around the country is that sports teams bully their way into getting these insane deals directly at the expense of local taxpayers. The Bears are a draw to Cook County, and will be a draw to Arlington Heights, and I think there's a non-economic factor with sports team that they provide to communities (local pride, for example) that is important. That being said, the McCaskey's are billionaires, the Bears are worth billions, and the NFL is a money-printing machine. The question during these negotiations will be a question of if the Bears are gonna be super rich or just slightly less super rich but with more tax relief for locals. Of course I want the local to get the best deal possible, and of course I want local governments, who are elected to get them the best deal possible, to try and get them the best deal possible. I want my government to fight hard for me and my interests, and it's sad that many around the country don't get that. I feel lucky we live in a state where they sometimes do.
Sorry for all the walls of text, I'm just obviously passionate about this issue lol.
We are talking about property taxes not income taxes. If JB Pritzker didn't have property to tax, then what?If you honestly think a single mother of 2 who works two jobs to barely scrape by should pay the exact same tax as JB Pritzker,
Income is irrelevant when taxes are based on property values. Should a family that uses $1,000 in services pay the same as a family that uses $5,000 in services.Should a family making five figures pay the same dollar amount in taxes as a family making seven figures? Putting aside that it’s not feasible, bad economics, and that no municipal budget could survive it
Haha thanks, I'll take that as a compliment!All good man. It’s funny you say you work in politics. At one point, I thought to myself that it feels like I’m debating Bernie Sanders here. Hehe.
I know football stadiums are tough to make work. So few events for so much land and high building costs. The key here may be what else is out on the property and if they can keep it hopping even in non event days. Maybe something like St. Louis has with the ballpark village- but bigger and better?
I read that allegiant stadium in Las Vegas is booked out for 3 years. But I don’t know how many events that is. Also Las Vegas is its own beast. Entertainment acts probably sell better there than normal non tourist dependent cities.
So are you saying that each property pays the same amount of tax (regardless of square foot) or that all land is taxed at the same rate (x/sq ft for each property)? If it's the former, that's obviously absurd that a parcel 800mil sq ft would be taxed the same as a 1000 sq ft parcel. If it's the latter, you're saying that a single family home uses the same "amenities" (in this case, schools, roads, police/fire, literally everything local governments provide) as a 1,000 person apartment building?We are talking about property taxes not income taxes. If JB Pritzker didn't have property to tax, then what?
You do realize that the ad valorem is a wealth tax in disguise. This is one of the reasons for the the Senior Citizen exemption and the Senior freeze. They likely have amassed a ton of equity in a house over 40 years but do not have the income to pay the taxes, which in Cook County are near confiscatory levels.
A) higher property values are correlated with higher incomesIncome is irrelevant when taxes are based on property values. Should a family that uses $1,000 in services pay the same as a family that uses $5,000 in services.
That is the fundamental question, not relating to ability to pay.
I'm saying it should be based on a unit/resident basis. Of course different property types pay a different rate, just like now.So are you saying that each property pays the same amount of tax (regardless of square foot) or that all land is taxed at the same rate (x/sq ft for each property)? If it's the former, that's obviously absurd that a parcel 800mil sq ft would be taxed the same as a 1000 sq ft parcel. If it's the latter, you're saying that a single family home uses the same "amenities" (in this case, schools, roads, police/fire, literally everything local governments provide) as a 1,000 person apartment building?
They typically do. More income taxes, more sales tax-property taxes are a wealth tax.Yes, those with higher incomes should pay more in taxes than those with lower incomes
Given the range of services that local governments provide, how could you possibly anticipate use, and also define use?I'm saying it should be based on a unit/resident basis. Of course different property types pay a different rate, just like now.
It would be based more on anticipate use basis rather than just the value of one's property.
Given his posting history on topics such as this....Come on man lol. We might as well bring the tithe and monarchs back at that point. Actually, sorry to monarchs, because most medieval kingdoms didn't even have a tax system this regressive. You're proposing something even the Kings knew would be so deeply unpopular they stayed away from it!
If you honestly think a single mother of 2 who works two jobs to barely scrape by should pay the exact same tax as JB Pritzker, then I honestly think you have very little care or empathy for your fellow humans and don't mind seeing suffering in this world.
That, or you just have no idea the destruction and misery that your tax system proposal would cause.
Which one is it?
Okay?Using SBs won as the only criteria as to why one player is better than another is lame. Not only is football a team sport, but some of the best ever such as Butkus and and Sayers never even played in a playoff game.
They advertise this crap during every game, yet the players aren't supposed to partake. Stupid.I wonder if the suspension announcements were sponsored by DraftKings.