Home Tax Vote Tues. Nov 6

This Tuesday there will be a transfer tax issue on our ballots here in Moore County and in 16 other North Carolina counties. Also know as the Home Tax, the tax is paid anytime real property is exchanged, and it is paid by the seller. That seller will then net less for his home, therefore having less spending power for his next home. The effects of this are obvious. More money paid to the government and less money for consumers to spend on real estate, consumer goods, and other purchases that positively affect our economy. The tax unfairly targets a segment of the population that contribute most to the economy--homeowners.

• Most homeowners have jobs--they pay income tax. One can infer that the more expensive a home one owns, the more income tax one probably pays.
• Homeowners spend money maintaining, fixing up, and buying "stuff" for their homes--they pay sales tax.
• Homeowners pay property tax--they already pay taxes every year based on the value of their home.

How much tax can a person pay on one item?!?