In a bid to avoid an impact fee on new development in Shelby County, the county’s politically-connected noble property development cum land speculation industry has come up with an alternative, according to Wednesday’s Memphis birdcage liner Commercial Appeal: a local 1% income payroll tax that allegedly would be deductable from property taxes by county residents.
No word in the article on how the county residents who don’t own their own property (a group that’s disproportionately African-American) would be completely screwed over get their income payroll tax back. Tuesday’s CA carried a longer piece that describes the blatantly unconstitutional scam idea in more detail, including the risible provocative assertion that renters will be able to credit their payroll tax against rent (or something, as it’s written in typical CA gobbledygook).
Particularly hard-hit by this monstrosity brilliant plan would be Shelby County residents who work in Mississippi, who not only will have to continue to pay Mississippi income tax but also will likely see their base property tax jacked up to compensate for the shell game redistribution of revenues.
Among the other loathsome brilliant ideas being considered by the scum of the county property developers is a poll tax that Maggie Thatcher would love per household fee for police services for county residents.