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  • Economies Improve in Three States - How Can We Copy Them? [View article]
    A good way to do well in these states is most likely the fact that their taxes are low. I am familiar with Arkansas having very low property taxes, whereas Illinois is high.

    A $100,000 house in Peoria, Illinois will pay around $2,000/yr in property taxes whereas the same tax bill in Tacoma, Washington will be on a $225-250,000 house! In Arkansas, its more like $200 for the $100,000 house!

    A $450,000 house in Naperville, IL will pay $8,000/yr in property taxes!

    So, how come property taxes are so high in Illinois? Because politicians have far too many pet projects. In Seattle, the Kingdom was not quite paid for, and was demolished -- only to be replaced by TWO stadiums. One for Seattle Mariners baseball and Seattle Seahawks football. The Mariners insisted on a retractable roof, while it actually rains less in Seattle than Chicago during the baseball season. Voters, voted AGAINST the new stadium, but the governor and his cronies had an "Emergency Session" to OVERTURN the vote, the voice of the people. So, Seattle has just received $1 billion in sports arena projects and the UW had a little rehab work done as part of this figure.

    All the while, the city of Tacoma, WA did not have a hospital with an ER. A police officer was shot, and had to be flown to Seattle for treatment. I believe he died as a result of the time it took to pick him up and fly him a good 20-30 miles. So, this shows you where the priorities are for politicians. They are not worried or interested in the "boring" things that they should manage and take care of, like snow removal, fixing pot holes, etc. Instead, its sports stadiums, museums, etc. All of these pet projects are funded by tax dollars. So, perhaps Arkansas does not have several large sports stadiums, etc, they also do not have to pay for them. On the flip-side, its the "Natural State" so there is plenty of recreational activities, especially fishing and water sports. You can drink plenty of beer doing that and its much less expensive that drinking, parking, tickets at a sports arena that taxpayers usually don't visit, but pay for.
    Dec 03 11:36 am |Rating: +1 0
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