News From Terre Haute, Indiana

Opinion

April 13, 2014

Readers’ Forum: April 14, 2014

Alternatives to ‘injustice’

What an epiphany.

I speak of Howard Pennell’s letter to the editor on a recent Thursday in which he declared that his property taxes are too high. I whole-heartedly agree with him. Property taxes are unfair for individuals. Then Howard’s letter went on to place full blame for this on the assessor of Vigo County, a Democrat. Hmmm. Do I detect foul stench? Gee, just when I thought that Terre Haute had eliminated all of these.

Well, now who is really at fault here? You see, the tea party Republicans pushed through property tax reform. This reform changed the assessment methods to something called “fair market value.” Of course, the housing market was still inflated at the time, so the “fair market values” were excellent.

In fact, they were so excellent that the tea party made the Republicans amend the Indiana Constitution to place a cap on property taxes. Otherwise, the inflated market values were likely to make property taxes high enough to force people to sell their homes, or alternatively, abandon them like they did in Detroit and in other places. But they didn’t tell you this, did they?

Nope. They also didn’t tell you that they were preparing to eliminate business taxes and that was the reason why they did this property tax chicanery to individuals in Indiana in the first place. Notice that Gov. Pence tried to eliminate business taxes altogether but his Republican “super-majority” balked. Ever wonder why?

Want to have some fun? Go get an FHA appraisal on your home and see if it is not 25 percent to 45 percent lower than the property tax assessed value. Then, take it to a crackerbarrel session and ask your Republican “super majority” member what (if anything) they are going to do about it. Then, be sure to sneak out the back door and run to avoid being accosted and/or stoned by Zombie tea party members and Fox News, Rush Limbaugh and Glen Beck fans who are dead from the neck up and who are out seeking brain transplant donors.

In the meantime, let’s try to give Mr. Pennell some alternatives to this injustice. One could form a corporation naming himself as CEO and his wife as president of the board of directors. Then, he could sell his home to the corporation and invest the proceeds to pay the corporation rent from the interest. (This is a federal tax deduction for individuals.)

Since businesses will soon pay little or no Indiana property taxes, the property tax problem will then be fixed. After this, one could file for a tax abatement, thus depreciating his own property along with the others abandoning the neighborhood.

This could actually force individuals who are still managing to pay increasing property taxes because of the shrinking tax base to pay your share. This way, you can be at the public trough just like the big corporations and their political lackeys in America are.

— John Garner, Terre Haute

1
Text Only | Photo Reprints
Opinion
Latest News
TribStar.com Poll
AP Video
Last Mass Lynching in U.S. Remains Unsolved Raw: Fight Breaks Out in Ukraine Parliament Bodies of Malaysia Jet Victims Leave Ukraine Raw: Truck, Train Crash Leads to Fireball Judge Ponders Overturning Colo. Gay Marriage Ban Clinton: "AIDS-Free Generation Within Our Reach" Disabled Veterans Memorial Nearing Completion Home-sharing Programs Help Seniors Fighting Rages Amid Mideast Truce Push Ex-NYC Mayor: US Should Allow Flights to Israel Obama Signs Workforce Training Law Raw: Massive Explosion in Gaza City Raw: Typhoon Brings Heavy Wind, Rain to Taiwan Crash Victims' Remains Reach Ukraine-held City Raw: Plane Lands on New York Highway Raw: Secretary of State Kerry in Israel NYPD Chief Calls for 'use of Force' Retraining Raw: Israel Hits Gaza Targets, Destroys Mosques Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era
NDN Video
CDC Director Warns Of A World Where Antibiotics No Longer Work Whoa! Watch "Housewives" Star Do the Unthinkable Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl Swim Daily, Nina Agdal in the Cook Islands Guilty Dog Apologizes to Baby for Stealing Her Toy Prince George Turns 1 and is Already a Trendsetter Train Collides With Semi Truck Carrying Lighter Fluid Kanye West Tells-All on Wedding in "GQ" Interview Tony Dungy Weighs in on Michael Sam Scarlett Johansson Set To Marry In August New Star Wars Episode XII X-Wing Revealed Obama: Putin must push separatists to aid MH17 probe Michigan inmates no longer allowed to wear orange due to 'OITNB' Adam Levine Ties the Knot
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity