Tom Davis: The Right Way To Fix Act 388
LAWMAKERS MUST REFORM CODE, RETURN REVENUE TO TAXPAYERS By Tom Davis || In 2006 the South CarolinaYou must Subscribe or log in to read the rest of this content.
LAWMAKERS MUST REFORM CODE, RETURN REVENUE TO TAXPAYERS By Tom Davis || In 2006 the South CarolinaYou must Subscribe or log in to read the rest of this content.
21 comments
I could not agree more! Now let me say this. Until Tom Davis grows a set and is willing to call out the leadership on the senate floor, the tv and print media and anywhere else anyone will listen he is still part of the problem.
He has some great ideas, he just lacks the nuts to call them out for it! He is either going to fight for smaller govt. or be someone that Leatherman and company just pat on the back and tell him “we just cant do that this year”.
Same old song and dance, just a different band.
Act 388 impacts property taxes which go to schools and local governments to fund police, fire protection, county road maintenance, etc. Capping state spending, while a noble idea, doesn’t affect local government needs. Here is an idea – take the state fiscal handcuffs off local government and let them face the voters on their spending or lack thereof. The legislature needs to worry about state issues and get its nose out of local government. Bad things like the Richland voting fiasco happen when you let the delegations meddle in local affairs.
Makes too much sense
Hypocrites like Davis?
Oh they’re all for that libertarian bs till it affects their little power base
Fact is its local government that affects people’s lives
What in the Hell should those clowns in Columbia have to do with it?
There IS NO SURPLUS MONEY. Good grief people. Even if there was, which there isn’t, it should be held for periods when the state is running a deficit… Like now for example, they are running a deficit.
This Act has failed to decrease School Taxes.
Schools like Lexington District 5 have found a way around the Law and have actively added nearly 50% higher taxes on Lexington District 5 property owners since the law was passed.
Richland County is dropping all kinds of School taxes on homes that have become property of heirs after the deaths of loved ones. Taxes go up 500% or more in one year. Families trying to save the old homestead are being forced to give them up for the taxes. A complete rip off and clear violations of the Act’s and Laws intent. Lose your homestead exemption and lose your family’s home.
Sounds like a good opportunity for some investors to buy them at bargain prices. Any idea if that has been happening? Could it be just an opportunity or could it be part of a scheme?
Anybody have info on this?
Poor Tom. With Demint stepping down now he’s going to be stuck in the SC senate forever.
The tax rape imposed on my “investment” properties by the state of South Carolina and the county of Richland prevents me from making much needed improvements to my primary residence. Small house on Rosewood Drive went from $500 a year to $2000 a year. Small house in Elmwood park went from $1000 a year to over $4000 a year. The point of sale tax I got popped with on my primary residence that I bought in 2007 is criminal. Houses on either side of mine, in similar condition and size, are currently assessed at nearly $100k less than mine. All because I purchased when the market was strong.
I have one on rosewood too. Thanks SO much mr taxman for diving up my costs to the point that I lose $50 a month to keep it occupied.
“Yeah, mrs renter I hear you talking about a new porch. Here’s Larry Martins f-ing phone number, tell him to come see you in Cola…”
A friend in GVL that has +100 rentals has a 3-part plan to address the idea that since 388 his business is losing money for 1st time in generations:
1. Elections every 2 year for local office
2. 12 year term limits for state office
3. Replace property tax completely w/flat tax (pick a plan and keep non-profits etc away)
I want to add a fourth to his plan: mandatory voting laws. Go vote. If you don’t vote it costs you a fine that varies depending on income (dont start democrating, there would be a minimum, so everybody pays something).
That gets us transparency, accountability, and eliminates the tax games all in one.
Now. Start saying stupid stuff.
Also, why in the name of Santa Christ should ANYONE owning property NOT be required to pay school tax? Especially if they have children that are benefitting from an education in one of the schools in their district? It should be evenly distributed like is was before this criminal activity was initiated.
Shut up and Pay up!
Yassir masser tax man, I’ve written about $10,000 a year in checks to Richland county for about 6 years now sir. Wow, $60,000 to a moronic municipal government that can’t even run a fucking election correctly, fix a failing sewer & water system, effectively deal with the homeless population, etc, etc. I feel like my kids future is being sodomized by the tax office.
Well said Senator.
I’m confused. It appears from this article — http://www.islandpacket.com/2012/12/08/2305264/davis-offers-compromise-to-lower.html — that Sen. Davis wants to raise the sales tax, at least a small amount.
His column for FITSNews doesn’t mention that.
Every time people complain about property taxes, and the legislature passes some sort of ‘fix’, they end up just making the whole system more complicated and all sorts of unintended consequences result. Any savings are shortlived at best.
Property should be taxed at it’s true value, like it once was.
Taxes on a rental home I own go from 770.00 to 2,399.00. Fucking ridiculous! And we sit back and elect these idiots, time after time, so they can take every dime they can get from us.
Were in a recession and the county has tripled my taxes. Now the county is building ANOTHER fucking crab dock 1 mile from my house. Just started construction! Poorest coastal county in SC and have a damn “crab dock” every 2 miles.
We spend around 2300 more per child than comparable school districts. For this we get failing schools. For this the school board rewards the super with an extension of her 5 year contract worth 170K per year with NO performance clause.
Facts are this. The people controlling the money make up 57% of the population, yet only pay around 22% of the property tax’s. Know why? They dont own shit! Constituents wont bitch! pass it on to the “Miniority” to pay.
Those are the facts,
Somebody send Help please!
and by the way. My senator Pinckney wont even live here.
Tommy Boy wants to substitute the current crony capitalism with his own brand of crony capitalism. New players and greater theatrics but the show has the same ending. Carpetbaggers representing carpetbaggers.
I asked Joe Wilson a question about Act 388 s few months ago and he had no clue what it was and answered with a rambling rant about not raising taxes. The man is lost, confused, and its scary he’s in public office.
Davis’ bill seems to want to 1) give investment property relief 2) tinker with sales taxes and 3) cap govt spending all at once. No one is going to understand this, much less pass it. All three points may or may not have merit, but need to be addressed one at a time.
As to 388, if not flat out repeal, how about assessing residential and non residential at the same percent, maybe 5%?
Repeal 388! It doesn’t work. It was never going to work. It was pushed through by people who live on the coast, who did not want to pay taxes based on the true value of their homes; but as soon as the law did not benefit them (i.e. after the coastal real estate market crash) they wanted to change it again. Time to reset to where we were before 388.