01-14-2023, 02:03 PM
(01-14-2023, 01:28 PM)danbrotherston Wrote:(01-14-2023, 01:23 PM)tomh009 Wrote: What would increase the tax rate? I don't think free transit would be taxable, would it?
I assume the point was that funding free transit would increase the tax rate...which is not unreasonable I don't think.
(I of course, would fund such projects by cutting things like our roads budget, but that's just me).
OK, so property taxes, not income taxes (marginal rates typically refer to income taxation) ... but I think the effective cost of offering free transit passes rather than discounted passes to low-income people would be minimal in terms of increasing property taxes. I don't have numbers handy but I think the impact would be in the low tenths of one per cent.