Pennsylvania Voters Reject Tax Plan to Finance Schools - New York Times
I worked the polls on Tuesday and heard many comments from people (especially older people) complain about the tax increase proposed to fund schools. The saddest thing is the income tax increase would have been offset much more significantly by a property tax decrease. Now, let me just pull some logic on you. If you are on a fixed income, your taxes will not increase as long as the tax rate doesn't increase. Your property taxes, on the other hand, increase or decrease according to the rate, but most importantly, as the property value increases. So, I'm thinking, duh, a slight income tax increase (1%) is a better deal than a potential huge property tax increase. Am I missing something?
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