Judy O'Hare

Female

Marion, OH

United States

Profile Information:

Name or Internet Handle
heyjude
City, Town or County
Marion
State / U.S. Territory
OH
Zip Code
43302
U.S. Congressional District Number
4
If you twitter, what's your twitter name?
news_nut

Comment Wall:

  • Billie

    Thank you for joining FairTax Nation and the Ohio group. Have you visited a FairTax meeting? We have a Columbus group that will let you know things that are happening. Also, check "events". Billie in Beavercreek, OH

    Mar 19, 2010

  • D. L. Corder

    Karen Walby has responded to your question. Please check the Main Page, then select "Communicate & Blog" for her answer. My previous answer to you was only partially correct. I must say I not only do I not like Ms. Walby's response (although I'm sure she is correct), I was very disappointed in the definition of rental income as now being considered a housing service. It appears they have taken an "Investment" which is currently considered and reported as "income," and have now defined as a housing "service," thereby, making it subject to the FairTax. This revolting development, does not deter my enthusiasm for the FairTax, but it does make me wonder what other types of income producing investments are now considered a service.

    Perhaps this is one of those areas of the current proposed legislation H.R. 25, that needs further review and perhaps be amended before the final bill is adopted. I plan to pursue that issue, as it appears to me to be contradictory to so many of the things the FairTax promotes, with the idea of a consumption tax being better than an income tax, yet (at least in this example) they are just shifting what was previously taxed as income to a service and now taxing the same income as a consumption tax.

    Apr 6, 2010

  • D. L. Corder

    I totally agree with your analysis. I will wait until you receive an answer from KW before I add any more comments, other than the following. Like you I am very concerned about the impact the FairTax will have upon the rental market as a whole. As you know, there is very little embedded Federal taxes in rental properties. Therefore there is not much room to lower rents. Most of the taxes that owners incur, are state and local Real Property taxes, so there is very little wiggle room to lower rents. Hence the FairTax would create a significant tax on top of already depressed rents, which could have a devastating affect upon the rental market.

    Apr 6, 2010