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A CONSUMPTION TAX ON PROPERTY TO REPLACE PROPERTY TAXES...IS IT POSSIBLE?

2/18/2022

I believe there is a way that provides the government the revenue it needs while protecting the ownership of our homes. A consumption tax at the time of the home sale.

Every year, the government presents us a bill for our property taxes. Even if we already own our home, we must pay the bill.

Property taxes will always be with us. That’s because by law, all Tax Entities in the County (currently there are 44) are guaranteed the prior year’s property tax revenue regardless of overall property values. This means when property values change, there is neither an increase nor decrease to their budget. The tax entities get at least what they got last year. There is no zero-based budgeting…Perhaps something to consider.

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Bill Olson
I Studied Political Science, Philosophy, Constitutional Law and International Relations (Politics of Oil) at Loyola Marymount University in Los Angeles, CA. Today, I am a retired entrepreneurial executive with more than 45 years’ experience in business start-up and development across multiple industries. I have authored several successful business plans while co-founding, raising capital and managing companies in diverse markets including Professional Sports (Golf), High-tech Database Development, Direct Marketing & Fulfillment, Waste Heat Recovery for Power Generation and Molecular Diagnostics for Animal, Plant & Human applications. I currently sit on the Board of a privately held corporation and consult on management and governance issues.

As a member of the Weber County Republican Party, I have been a County and State delegate, Precinct Chair and Vice Chair, Legislative District Chair and Vice Chair, served on the County Central Committee, County Executive Committee, the State Central Committee, and Chaired a Sub-committee on Ethics for the State Executive Committee. I am conservative, well read and active in political debate.

Billy O's Blog

“Liberty means responsibility. That is why most men dread it.”

A CONSUMPTION TAX ON PROPERTY TO REPLACE PROPERTY TAXES...IS IT POSSIBLE?

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