Travis Fain has a very interesting piece in today's Telegraph, Analysis: Many fear large property owners will win big under GOP tax plan. He begins by pointing out that if the Speaker's plan passes, my Representative, " ...Allen Peake and his business partners can stop writing checks to Bibb County for more than $70,600 a year." At the end, Fain provides a very interesting breakdown of who owns what property, how much tax they now pay and what they would have to spend in services to break even with regard to their tax obligation. This is an excellent, well-researched piece.
Peake, in the article, actually had the nerve to compare what he will save with the savings of homeowners and car owners. I assume that he owns at least one each of those, too. When you want to know "why," just follow the money. The return of the landed gentry, indeed.
Thursday, October 18, 2007
Peake's Perks
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Apartment dwellers, like myself, would not save squat, even tho the apartment owners would surely get a break. I don't think they'll come knock on my door and say, "Hey, Tina, guess what? Your rent is going down this month." (har har har)
Consider the same scenario at a huge office building in Atlanta.
The owners get a windfall, the businesses and professionals who rent get zero, zip, nada. Even a simple English major like me can figure out whose bank account get fatter off this arrangement.
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