Did the state sales tax/property tax swap get passed?

[912]

I've searched all over to see if it happened or not.....

Did the State pass the sales tax/property tax swap? Can someone tell me the details, or post a link that would tell me how this will work, and when it goes into effect?

Thanky kindly!

[Spartan]

No. That requires a constitutional amendment. They compromise they came up with can be see on this website along with all of the other ones. This covered in Amendment #4. I hope that helps.

Basicly what it will do is force local governments to raise millage rates to cover the gaps left by capping these taxes. The only benefactrs of it are the wealthy LEGISLATORS with their houses on the Battery and on Seabrook.

[vicupstate]

I've searched all over to see if it happened or not.....

Did the State pass the sales tax/property tax swap? Can someone tell me the details, or post a link that would tell me how this will work, and when it goes into effect?

Thanky kindly!

[Spartan]

Interesting. I didnt realize that this was separate from the swap. In reality I'd rather vote on the swap before this particular amendment.

[kayman]

That only good thing I see about that amendment is the exclusion of taxing groceries. However, it should include clothing and prescription drugs as well.

[912]

That only good thing I see about that amendment is the exclusion of taxing groceries. However, it should include clothing and prescription drugs as well.

[kayman]

First, thanks to all for providing the info I was looking for!

Personally, there should be no tax whatsoever on groceries, as is the case in many states. I also agree on no tax on prescription drugs. Clothes....I'm not so sure about.

[vicupstate]

I said clothing because just like food, clothes is a neccessity. Alabama is the most notorious state in the nation for it very regressive tax system with sales taxes on everthing (4% statewide, 4% locally, and sometimes additional 1-2% for to other purposes), basically no property taxes, and an extremely low income tax threshold (currently $4,600 but will rise to $10,000 starting January 1, 2007) to fund basically everthing in the state. In other words, there are some municipalities in my state that charges 10% on everything. South Carolina should never take 10 steps back to this regressiveness.

[912]

Tax on consumption is always better than tax on necessities (food, shelter, etc). It's more fair & spreads the burden amongst all people.

Google "Fair tax" to see what I'm talking about.

[vicupstate]

Reasessment Amendment article

This is the best article I have seen for explaning the amendment and what it's affect will be. It is a little long, but well worth the time to make an informed decision.

As you can read there will definitely be 'winners' and 'losers'. A study to assess the impact to for Greenville County showed 62% of taxpayers would pay MORE in taxes if this passes.

[vicupstate]

Op Ed peice on Amendment 4 on Property Taxes

According to figures cited in the article, 70% of taxpayers statewide would pay MORE taxess if this Amendment passes. In Charleston County, it reaches 88%.

It is clearly in the best economic interest of most residents to defeat this, but it is almost setain to pass.

[Spartan]

Maybe it will be repealed once everyone's taxes go up?

[Captain Worley]

Tax on consumption is always better than tax on necessities (food, shelter, etc). It's more fair & spreads the burden amongst all people.