Quote:
Originally Posted by GGG
You do understand that this a revenue nutral process. The total amount of money the city collects doesn't change based on this process.
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http://www.investorwords.com/8338/revenue_neutral.html
http://www.google.ca/search?hl=en&bi...Q&ved=0CBUQkAE
Revenue Neutral as related to taxes is the biggest lie out there. According to definitions it states that governments will not have an increase in revenue via taxes however it would change in allocation, some taxes go up some go down, but the money brought in is the same.
So if that were true, why are we paying higher property taxes today versus 20, 30, ... years ago. I guess they forgot to mention the affects of inflation in there.
Just saying there has always been some sort of increase in taxes over the long haul, and I don't agree with Revenue Neutral terminology.