Don’t Tax, But Still Spend

Written by nickel - 4 Comments

From Chuck Shepherd’s News of the Weird:

Tax officials in Valparaiso, Ind., admitted in February that they mistakenly valued one house at $400 million (though its previous assessment was $121,900), and even though they re-computed the owner’s bill, they failed to erase from the city budget the $8 million in tax revenue they were expecting from the property, including $3 million that they already had disbursed.

Kinda makes a tax-and-spend politician sound pretty good, don’t you think?

[Source: Arizona Daily Star]

Published on March 2nd, 2006 - 4 Comments
Filed under: Humor, Taxes
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Comments (scroll down to add your own):

  1. I hope they didn’t spend that money on pay raises for the city’s tax officials.

    Comment by Nick — Mar 2nd 2006 @ 5:01 pm
  2. How were they expecting $8 million from this house? What is that over the next 10 decades?

    Comment by RS — Mar 2nd 2006 @ 8:03 pm
  3. It was appraised (incorrectly) at $400 million, so $8 million probably would have been about right (depending on the tax rate).

    Comment by nickel — Mar 2nd 2006 @ 8:30 pm
  4. OMG, now THAT is going to give some of these crooked local politicians and bureaurats some ideas, now they have a way to cover up the money they steal! Juggle some numbers here, add 5 zero’s to the values of some properties there, and what do you know, the money they stole from the County Fund is now magically replaced!

    Comment by SkyeBlue — Mar 3rd 2006 @ 7:51 pm

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