Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Thursday, August 29, 2002
Taxing Rain
As I have described before, state and local governments have recently shown the highest level of creativity in coming up with new ways to squeeze money out of the little people. They are even amazing grizzled old veterans like me.
This is the first time I have heard of a property owner being taxed on the amount of rainwater that s/he doesn't hold onto and allows to run off into the sewer system. Jonathan Adler of NRO has a good analysis of the pros & cons of this. He comes to the proper conclusion; that the main purpose of this new tax is for the money; not to encourage people to capture rain water.
This is in Winona, Minnesota. I can't wait to see how they top this in the PRC (People's Republic of California). How about a tax on earthquakes? It could be based on the Richter Scale reading.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 8/29/2002 11:40:00 PM Send this post:
