YOU CAN SIGH A BIG RELIEF--THIS MEASURE WAS DEFEATED. The Governor's proposal to raise the transfer tax had me thinking and thinking. Isn't this really double taxation? You already pay very high property taxes, but when you go to sell your home now you will have to pay a tax to sell. That seems like double taxation to me. I guess that is why they call it a fee. What happens to the seniors who sell their homes and are in dire need of every penny of equity that they can get out of that house? Well this proposal will strip that money right out of their hands. I could keep going and going but here are three additional points of why I think this is unfair to everyone.
- This 'home tax' hurts the buyers and the sellers. Someone will be paying for this tax.
- Seller's loose more of their equity.
- The 'home tax' is unfair. The Governor wants to use the increased revenue to fund a Youth Aids Program. But the program will be funded by just the people selling their homes. So just a few citizens will be required to fund this project.
When we look to the government to solve our problems we get fees like this. Let's ask them to lower our taxes. If this goes through Wisconsin will be the 12th most expensive state in the Union for this fee. Not a distinction we can be proud of.
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