Thursday, July 5, 2007

Gov. OKs Florida's Biggest Tax Cut Ever

Florida's mayor decided to pass a law that would cut taxes down. Some people are mad about this but the average home owner will save about $200 in taxes. Yearly property tax bills have risen by thousands of dollars for homeowners in areas where real estate values have skyrocketed in recent years, the average cut for a primary homeowner under the new law is estimated to be only about 7 percent, in the first year. Overall, the law is expected to slash up to $15.6 billion in local property taxes during its first five years. Some house owners are upset because the tax law will not be enough the roughly estimate that it will only be $14 and believe that that is unnoticeable.

In my mind I think that this is a worthless law that was passed because there is very little difference every month but at the same time all of the home owners need a break so it is valuable because it saves us at least some money





3 comments:

akatsuki said...
This comment has been removed by the author.
akatsuki said...

I don't really understand what people are mad about. Are they mad about saving money or are they mad at not saving enough money? I'm also not sure how much people are saving since your article's not clear and the link doesn't work. I guess if people only saved $200 a year they might feel it's too little but $200 is $200. There's a lot you could do with $200. And if it's $200 a month, that's saving $2400 a year. That's a lot of money.

lazboy323 said...

The people that are complaining are the ones that can financially support themselves, while the people that can't afford are gaining the advantage. This is completely fair in all cases, the only reason why this would be bad is if it subtracts from public services.