Taxes, taxes everywhere
From our editorial today:
Lawmakers should take this opportunity to undercut Eyman by reducing taxes on most homeowners and renters by slightly raising the property tax rates on those who aren't struggling to pay. Lawmakers could do this and still stay within the overall 1 percent cap.
Currently, property taxes consume about 6 percent of household income for the 40 percent of households in low- to middle-income categories. Those at the top of the income ladder pay about 3 percent of their income on such taxes.
Got a solution to the tax system? Blog lines are open.