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Lacasa’s Tax Plan

February 11th, 2008 by flanews

Sales tax exemptions aren’t the only place commission members are looking for reform. Taxation and Budget Reform member Carlos Lacasa has a plan to cut property tax by raising sales tax. His plan would allow home and business owners to keep 25 percent of the value of their property from being taxed. In exchange sales tax would go up by a penny.

“It would be distributed much more broadly than a property tax. I’ve always favor taxing consumption more than taxing well, I favor property tax to a certain extent, they have growth management benefits and it’s a more stable tax base than consumption tax, but I would like to weight taxation in Florida more heavily toward consumption and less toward wealth,” said Lacasa.

Lacasa’s plan would also replace amendment one’s ten percent limit on tax assessment growth with a five percent cap.

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