"He will put the sheep on his right and the goats on his left."
Matthew 25:33

Friday, May 2, 2008

From the Taxpayer's League of Minnesota

A tax increase for 69% of Minnesota homeowners.

The DFLs property tax proposal seems to confuse even its own authors"House DFLers yesterday introduced this year's version of the Omnibus Tax bill and with it their attempt at property tax reform. Among the highlights of their Tax bill is an overhaul of the state's property tax relief programs that they claim would make 95% of Minnesotans eligible for some form of property tax relief.

"The intent of the legislation, introduced by Representatives Ann Lenczewski [DFL-Bloomington] and Paul Marquardt [DFL-Dillworth], is to tie Minnesotans' property tax payments directly to their income. Trumpeted as a simplification of the current system and a way to force wealthy Minnesotans to pay their fair share, under the new system any family earning more than $200,000 a year – the DFLs definition of "rich" – would see a tax increase.

"But according to calculations made by the Department of Revenue and released today during a committee hearing, when the new property tax system is fully phased-in, nearly 69% of Minnesota homeowners will see a tax increase."

To read the rest, click here.

1 comment:

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