The Reparations Committee chose to fund reparations through the real estate transfer tax because of its relatedness to real estate discrimination and redlining, which have contributed to the racial wealth gap.
Interesting, so Evanston has a “progressive” real estate transfer tax that also serves as a flat tax based on the total sales price, just like Chicago is attempting to implement. Still think it’s poor policy. And it’s not indexed to inflation.
Sale Rates Effective January 1, 2019:
For sales prices up to $1,500,000, the tax imposed is $5 for every $1,000 value or fraction thereof.
For sales prices from $1,500,000.01 to $5,000,000, the tax imposed is $7 for every $1,000 value or fraction thereof.
For sales prices from $5,000,000.01 or more, the tax imposed is $9 for every $1,000 value or fraction thereof.
Screw the retired cops and firefighters who risked their lives for the safety of Evanston residents – don’t fund their pensions, instead distribute taxpayer money based on race.
Dr. King weeps.
Giddyap
3 years ago
Reparations Racketeers, Racial Grievance Grifters, Rob Evanston Taxpayers, To Bail Out Their Unconstitutional Race-Based Scam
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Interesting, so Evanston has a “progressive” real estate transfer tax that also serves as a flat tax based on the total sales price, just like Chicago is attempting to implement. Still think it’s poor policy. And it’s not indexed to inflation.
Good Godfrey! That’s a whole lotta money!
socialism
These people are lunatics.
Screw the retired cops and firefighters who risked their lives for the safety of Evanston residents – don’t fund their pensions, instead distribute taxpayer money based on race.
Dr. King weeps.
Reparations Racketeers, Racial Grievance Grifters, Rob Evanston Taxpayers, To Bail Out Their Unconstitutional Race-Based Scam
The hits just keep on coming from Evanston.
(to your wallet)