Back-end loads may appear to be a good deal to you. Each year you hold the fund, the load goes down. After a year or two, the broker will recommend you switch funds. Many reasons can be given. You can avoid a taxable gain that will be distributed to you if you hold on. A [...]
Posts Tagged ‘realtors’
Moving Money Around
States have great flexibility in moving tax base and spending among local governments. The classic case is Texas. State officials wanted the revenues and tax policy consequences of a statewide property tax for schools, but the state constitution forbids such a tax. The effect is achieved by a complex device which gives school districts the [...]
Requiring Local Taxes
States can effectively mandate local taxes by making eligibility for state aid contingent on local governments levying them. For example, Florida requires local governments to levy certain gasoline taxes and Arkansas requires local income taxes in some school districts. Such moves can become quite elaborate. For example, in the 1990s, California: (1) allowed its temporary [...]
Property Taxes
A high percentage of legislators and governors have expressed a desire to cut property taxes, which are the least popular of the three major tax sources — income, property and sales. Several states — notably South Carolina, South Dakota, and Wisconsin — have financed large rollbacks of property taxes with state revenues. Many states have [...]
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