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Democrat plan calls for 455% increase for cities, towns (Tax on home sales)
The New Haven Register ^ | February 08, 2003 | Kimberly S. Johnson, Register Staff

Posted on 02/09/2003 10:35:45 AM PST by raybbr

Home buyers and sellers in Connecticut would be hit with thousands of dollars in additional costs under a budget plan being considered by state legislators.

Democratic lawmakers want to dramatically increase the conveyance tax, a levy paid on the sale of a home, for a 16-month period.

Under the proposal, the amount paid by home sellers to towns and municipalities would soar by 455 percent, and the amount paid to the state would jump by 50 percent.

On the sale of a $160,000 house, the local tax would rise from $176 to $800 and the state tax would climb from $800 to $1,200, for a combined increase of $1,024.

(Excerpt) Read more at newhavenregister.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: democrats; taxes
Here in the "Tax-U-to-Death" state, we pay taxes on everything imaginable. I just found out about this tax. Now, they want to raise taxes on the backs of people selling homes.
1 posted on 02/09/2003 10:35:45 AM PST by raybbr
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To: raybbr
The demokrats are for themselves and taxing us to death.
2 posted on 02/09/2003 10:41:59 AM PST by TaRaRaBoomDeAyGoreLostToday!
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To: raybbr
now do not let this slide freepers.......the cems want new and old home sales taxed at a 455% increase right ?????
why ?????? look at the economy ,home sales are saving us. Why ? interest rates in why...a 1st timer is in his/her element,to refinance or a 2nd home BECAUSE of interest rates......so to tax it is to what ? STIMY THE ECONOMY is why......but WHY ? here is why...dems do not work for America,they work for the UN against YOU !!!!!!!!!!!
3 posted on 02/09/2003 10:44:27 AM PST by cactusSharp
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To: raybbr
The democrats are probably in line with The U.N.'s Agenda 21 ruling what we do with our homes and property.
4 posted on 02/09/2003 10:46:02 AM PST by TaRaRaBoomDeAyGoreLostToday!
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To: cactusSharp
My thoughts exactly see post 4.
5 posted on 02/09/2003 10:47:09 AM PST by TaRaRaBoomDeAyGoreLostToday!
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To: raybbr
Why stop there? Why don't they just sell all houses in the state on the courthouse steps? All money and property rightly belongs to the state anyway.
6 posted on 02/09/2003 1:46:09 PM PST by E. Pluribus Unum
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To: raybbr
They'll keep doing it to us until we STOP them.
7 posted on 02/09/2003 3:45:51 PM PST by Crusader21stCentury
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To: raybbr
Keep electing the demokrats and keep paying, they are people killers and tax collectors.Have y'all ever heard of a tax revolt.Now is the time for all tax payers to say enough already.
8 posted on 02/09/2003 4:03:15 PM PST by solo gringo
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