What would you think of a property tax that was capped as a percentage of your income? IE - if you're a successful farmer or own an appt building, you would pay the full amount of property tax. But if you were a retiree with little income and a bunch of land, the property tax would be reduced.
Perhaps. Simple is best. All the tax codes, state and federal, are too complicated and are used to favor friends of the pols and punish enemies.
How about just a flat tax with an age based exemption of an inflation indexed amount suitable for retirement at say 150% of the poverty level with any annuities tax free? Social security is not an issue because it will be gone.
I don’t think modest retirement income seniors should have to pay taxes. They have paid their dues.
Property taxes are hard to administer. The appraisals are as subjective as they are objective.
FLAT TAX or CONSUMPTION TAX is the way to go. Just one. Not the gang of taxes we have now.