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It's not often you see Republican politicians filing bills to raise taxes, but that's exactly what Rep. Fred Costello of Ormond Beach has done. He has introduced a bill that would add a 3 percent surtax to Florida's sales tax. The bill also supports the idea of added taxes to Internet purchases and bottled water. Doesn't sound very Republican, does it? Well, the bill would also repeal property taxes.
Under HB1181, property taxes collected to fund local education would be eliminated. The 3 percent "education surtax" would instead be enacted beginning in 2013.
Well, the bill would also repeal property taxes.
Originally posted by Oaktree
Well, the bill would also repeal property taxes.
I do know that a huge portion of Florida residents, rich and poor, rent or lease, and I suspect the lack of property tax would work it's way into monthly rent or lease payments, no?
reply to post by narwahl
Let me tell you a little secret about pricing:
Most people ask for as much money as possible when they try to sell something.
If you can ask 500$ a week, you ask 500$ a week.
Of course a seller is interested to pass on a tax increase to the customer
( And his ability to do so depends on how much market power he has )
But passing on a tax decrease? Why would anybody want to do that?