Dave Osmek – a city councilman in Mound, which by the way receives no Local Government Aid, and hasn’t for quite sometime – writes:<\/p>\n
I’d like to add my two cents to the whole DFL meme. Consider the following scenerio:<\/p>\n
Evil Rich taxpayer A: Owns a nice house out on Lake Minnetonka (valued at $750,000) and his own commercial business (valued at $500,000)<\/p>\n
Virtuous Poor taxpayer B: Owns a nice house in St. Paul (valued at $225,000)<\/p>\n
Evil Rich taxpayer A pays a property tax rate of 1% on the first $500,000 of value and pays 1.25% on the next $250,000 of value. He also pays 1.5% on the first $150,000 of his commercial value and 2% on the next $350,000 of value.<\/p><\/blockquote>\n
That’s $8125 in property taxes, and $9250 on the business.<\/p>\n
Virtuous Poor taxpayer B pays a property tax rate of 1% on his $225,000 house AND gets a homestead “credit” that further reduces his taxes by another 7% to an effective rate of 0.93%.<\/p><\/blockquote>\n
That comes down to $2092.<\/p>\n
Bear in mind these aren’t income taxes; for all we know, the two hypothetical virtuous taxpayers may well make the same money.<\/p>\n
And we’re supposed to swallow the DFL meme that the EEEEEEEEvil rich don’t “pay their fair share”? The numbers just don’t add up!<\/p><\/blockquote>\n
The DFL is counting on Minnesotans who don’t do things like numbers…<\/p>\n","protected":false},"excerpt":{"rendered":"
Dave Osmek – a city councilman in Mound, which by the way receives no Local Government Aid, and hasn’t for quite sometime – writes: I’d like to add my two cents to the whole DFL meme. Consider the following scenerio: Evil Rich taxpayer A: Owns a nice house out on Lake Minnetonka (valued at $750,000) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,123],"tags":[],"class_list":["post-20801","post","type-post","status-publish","format-standard","hentry","category-minnesota-politics","category-taxes"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20801"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20801\/revisions"}],"predecessor-version":[{"id":20803,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20801\/revisions\/20803"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20801"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}