Wednesday, April 19, 2006

Property taxes

The federal and provincial governments can collect income taxes and sales taxes. However, municipal governments cannot do this. They can only collect property taxes. (Yes, I realize there are other, smaller, revenue streams at all three levels, but I'm sure you'll agree that these are the main sources that affect our daily lives).

Why are municipal governments stuck with this annoying revenue source that is not at all tied to the taxpayers' ability to pay and is very difficult to change when new revenue is required? I know it's some kind of law, but what were they thinking when they made it law?

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