Letters to the Editor

It’s property tax

November 4, 2007

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To the editor:

Intangibles tax is not income tax, although it is levied on income from intangibles. It is property tax or, rather, in lieu of property tax, on that kind of property.

The market value of intangibles fluctuates from day to day, so it is not possible to set fair market values for tax purposes. It would seem that taxpayers who invest in that kind of property would prefer their property tax be based on income from it rather than on an attempt to establish market value, especially as the values appreciate. Of course, they prefer no property tax at all.

Betty Jo Charlton,

Lawrence

Comments

erod0723 7 years, 8 months ago

To the editor: If I too include local buzzzwords and phrases and keep my post short enough that my talking points make no sense, can I too have an LTE published? Or should I just go the route of regurgitating facts? Whoever is in charge of picking LTE's obviously took a day off.

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