Here's an idea ..... Everyone put your taxes on credit cards , THEN use the site on the Obama commercials that promises to eliminate your credit card debt .
I knew the democrats would provide a solution for the crisis .
I know a little about credit card processing fees and given the fact that the average transaction when paying property taxes is a pretty large amount. 2.69% sounds a bit excessive.
You don't pay an 18% late charge, you pay interest at that rate, annualized What is the current credit card rate? If you pay the fee, you are paying almost two months interest UP FRONT, plus the credit card rate. And you are paying interest on the fee too!
Ironically the city loses money on this deal, as they are getting nowhere near 18% on their investment, and the city doesn't ever lose the taxes owed, even if the house burned down, as the land still has value.
Check it out, it is a lose lose situation, except that current office holder has more money to waste.
7:14 - how does the current office holder have more money to waste if, as you said, the city loses money? maybe you were meaning to be "tongue in cheek" but it seems to be more like "head in the butt."
The city loses money because they aren't getting the interest on the unpaid taxes. The city would get the taxes AND the additional income in future years.
Bccause the city could get 100% of the taxes now, they will take in more tax dollars now, but in esseence be leaving the well dry for the future. This will sorta inflate current revenue, artificially.
10:07 - So government should be using and abusing their citizens rather than trying to make it possible for them to meet their responsibilities in a respectful fashion? Am I to guess that Bristol would be introduced to it's first "tax-slumlord" if you ever became an elected official? Need to remember that "government is for the people, by the people, who are the people."
9:11 - fact is the the taxpayer doesn't become delinquent and therefore doesn't become subject to the 18% city late fee and the option is a choice by the taxpayer.
Artie ain't doing you no favors.
ReplyDeleteHere's an idea ..... Everyone put your taxes on credit cards , THEN use the site on the Obama commercials that promises to eliminate your credit card debt .
ReplyDeleteI knew the democrats would provide a solution for the crisis .
12:32 - suck it up.
ReplyDelete2.02
ReplyDeleteWhy payan extra 3%, PLUS an high interest rate?
Not too smart as I see it.
Nothing is a surprise in bristol.Next move they will have to hire more people to watch the other people.
ReplyDeleteThank God for Art Ward.
ReplyDelete2:52 - so you don't have to pay an 18% city late charge percentage stupid.
ReplyDelete3:04 - I imagine that the mirrors in your house are big enough that you can watch yourself - thank you, none of us would want to watch you anyhow.
ReplyDeleteSteve:
ReplyDeleteI know a little about credit card processing fees and given the fact that the average transaction when paying property taxes is a pretty large amount. 2.69% sounds a bit excessive.
Did the city put this service out to bid?
4:24
ReplyDeleteYou don't pay an 18% late charge, you pay interest at that rate, annualized
What is the current credit card rate?
If you pay the fee, you are paying almost two months interest UP FRONT, plus the credit card rate.
And you are paying interest on the fee too!
Ironically the city loses money on this deal, as they are getting nowhere near 18% on their investment, and the city doesn't ever lose the taxes owed, even if the house burned down, as the land still has value.
Check it out, it is a lose lose situation, except that current office holder has more money to waste.
7:14 - how does the current office holder have more money to waste if, as you said, the city loses money?
ReplyDeletemaybe you were meaning to be "tongue in cheek" but it seems to be more like "head in the butt."
7:20
ReplyDeleteSimple, when you understand the system.
The city loses money because they aren't getting the interest on the unpaid taxes. The city would get the taxes AND the additional income in future years.
Bccause the city could get 100% of the taxes now, they will take in more tax dollars now, but in esseence be leaving the well dry for the future. This will sorta inflate current revenue, artificially.
10:07 - So government should be using and abusing their citizens rather than trying to make it possible for them to meet their responsibilities in a respectful fashion? Am I to guess that Bristol would be introduced to it's first "tax-slumlord" if you ever became an elected official?
ReplyDeleteNeed to remember that "government is for the people, by the people, who are the people."
Sounds like more of Wards robbinbg from the future, leaving the problems for his successor.
ReplyDelete10:07
ReplyDeleteBy leading the people on, one is only help to dig the hole deeper.
They pay more in the long run, and still may lose their property.
Have you forgotten the sub prime debacle already?
Be nice if the media, Press and Observer, did an analysis of what charging ones tax payment might/could actually cost the individual taxpayer.
ReplyDeleteA
9:11 - fact is the the taxpayer doesn't become delinquent and therefore doesn't become subject to the 18% city late fee and the option is a choice by the taxpayer.
ReplyDelete11:46
ReplyDelete18% equals 1.5%/month as opposed to higher fee and monthly accrual on credit card.
I know it is the taxpayers option, but it would be nice to have it all spelled out for them. Everyone is not as brilliant as you.
11:46 - with the intellect that you are displaying, you would be wise to have mommy be in charge of it anyhow - dweeb.
ReplyDelete