Free Newark Now!

, ,
Along with New York City, Newark, New Jersey, possesses one of the best locational advantages of any city in the United States. Founded in 1666 by Connecticut Puritans, the town grew by leaps and bounds; the Industrial Revolution sparked a meteoric increase in population and a multi-sector industrial and commercial base. First, canals and then railroads converged into the city. With a population of 8000 in 1820, people poured in, swelling the city’s population to 367,000 by 1910. 

A Report from Denver: The 2022 NCSL

, ,
Your faithful correspondent returned from the Legislative Summit of the National Conference of State Legislatures, held August 1-3, 2022. Since our mission is to present politically neutral and “just the facts, ma’am” research, it’s a blessing to meet and break bread with a political, national, and otherwise diverse audience. We like to build relationships with people on both sides of the aisle because they see that the land value tax serves the communitarian and free market philosophies.

Hermitage

,
We have been asked to study the property tax systems of several communities in Mercer County, Pennsylvania. Mercer County is located in the northwest corner of Pennsylvania. Historically, it has been the home of gritty factory towns, mining, and agriculture. Mercer County, PA has 19 municipalities, three of which are cities: Sharon, Hermitage, and Farrell. Like much of the industrial Midwest, community and individual prosperity peaked around 1960. As a result, the population has been in decline, from 127,000 in 1960 to around 110,0000 in 2022. Statewide, the PA population has increased by 12.4%, while Mercer’s has dropped by 8.5%.

Mass MoCA: When Does Public Investment Pay Off?

, , ,
North Adams is one of of dozens of similar towns spread across New England, and similar to small Pennsylvania manufacturing towns centered on steel, coal, and railroads. However, cities like North Adams, Lowell, Pawtucket, and others also produced a broader range of goods which supplied the world with textiles, clocks, brass, firearms, and 20th-century electronic components.  What happened in New England factory towns also happened in Pennsylvania towns and in other rustbelt towns. It's an old story: factory closures or relocation combined with changes in global trading patterns. The result? Subsequent impoverishment and depopulation of communities.

Working Towards a Progressive Property Tax

, ,
CPTR and its parent organizations have demonstrated how a property tax can be made progressive by using the land value tax. Why? Businesses and homeowners in the lower quintiles of value benefit from the tax shift. Why? The percentage of the building’s value to its land value is higher (though individual results may vary).  There’s also solid theoretical and empirical evidence that land value taxation turns a property tax into one that comports with principles of progressive taxation. In other words, a “progressive” tax is one in which the tax burden increases with income. As a result, high-income families pay a higher portion of the tax burden, while low- and middle-income taxpayers shoulder a relatively lower tax burden.  This is a generally accepted practice for income taxes (except in states with a flat (ergo regressive) income tax). “Flat” means one rate for every income level (though some states exempt the first several thousands of dollars in wages). “Regressive” means low-income/wealth taxpayers pay a relatively higher percentage of the tax burden. In contrast, middle- and high-income/wealth taxpayers shoulder a relatively small tax burden. 

Vacant Land Usage and LLCs in New York City

, ,
LLCs are a way to combine the benefits of a traditional corporate structure with enhanced anonymity and reduced tax-liability, making them the ideal method for limiting risk while at the same time maximizing profits. This incentivizes land…