Your generous contributions make this work possible.
|
|
|
|
|
|
|
|
|
|
| published Friday, March 03, 2006 |
25398 Views |
|
 |
The charts below and table on the following page illustrate the distributive impact on Idaho taxpayers of reducing the property tax m&o levy 1.5 mils and increasing the sales tax rate ½ cent. Most families would end up with a net tax increase. Furthermore, there would be a net revenue loss in state and local revenues of $20 million.
Property tax m&o revenues would be reduced by approximately $125 million.
Sales tax revenues would increase by approximately $105 million.
Resulting in a net revenue loss of approximately $20 million.
|
|
|
|
|