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« on: April 14, 2007, 06:48:23 AM »
If you are one of the lucky ones and are expecting a tax rebate check from the State of Vermont, be aware it will not be coming to your mailbox. The check will insted go to the town. Another twist to this little "new law" is if you are selling a property your rebate check is deducted from your total tax and then the taxes are prorated. Therefore you are sharing your prebate/rebate with the buyer of your property! To add insult to injury you will be paying a federal tax next year on this rebate as income. Your tax rebate is based on your income, now not even that will remain private any more. An astute person can certainly figure that out with a few calculations!
This rebate belongs to the property owner, this is what the law states. When you start sharing your income (tax rebate) with a buyer this is unconstitutional. Attorney, Tom Heilmann, has given seminars on this new legislation and what it is doing to the sellers of homested property. We are taking away monies from hardworking homeowners. The average rebate is $1200., when prorated at certain times of the year could mean nearly the entire rebate could be shared with the buyer. The mandates and new laws that the legislators have come up with has again dug into the pockets of the hard working Vermonters. The rebate should be sent to the property owners and not the town, it belongs to the owner of the property. The property owner could earn a little interest on their money before paying the already too high property taxes.
What the legislators have created is a mess.
I've tried unsuccessfully to reach, by email, our representative. There was no response to my email.
It is time to vote these "representatives" out of office and get someone in there that will be working for the people not for the government.
Remember the Estate tax? This was put in place to pay for the war bonds (world war 1). Hummm....
For more on this issue check under general discussion
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