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Senate Bill 23 is a constitutional amendment that is meant to help Kentucky seniors who are struggling with rising tax bills on their homes by freezing the property values of their homes for tax ...
Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.
For the property owner, this tax break reduced the bill by $15.40 per $100,000. West Chester, Fairfield and Liberty townships, the city of Middletown and village of Seven Mile in Butler County ...
Tax protester Sixteenth Amendment arguments are assertions that the imposition of the U.S. federal income tax is illegal because the Sixteenth Amendment to the United States Constitution, which reads "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration ...
The position of the Internal Revenue Service based upon the statutes and upon the related legal precedents in case law, is that these and similar tax protest arguments are frivolous and, if adopted by taxpayers as a basis for failure to timely file tax returns or pay taxes, may subject such taxpayers to penalties. On its web site, the IRS states:
According to U.S. Census Bureau data, state and local property tax revenue rose by 24% from Q1 2019 to Q1 2024, while according to Tax Foundation calculations state and local property tax ...
Taxation does not take from people what they already own. Property rights are the product of a set of laws and conventions, of which the tax system forms a central part, so the fairness of taxes can’t be evaluated by their impact on preexisting entitlements. Pretax income has no independent moral significance.
Not only did all of Kentucky's counties vote "no" on the amendment, but most did so by a significant margin. The amendment’s most resounding defeat came in Robertson County in Northern Kentucky ...