A Tax to Grind | A Blog to Enlighten and Entertain Those Afflicted with Property Tax

Taxpayers Pay for Empty Residences in the State Capital

Topic: A Tax to Grind, A Tax to Grind

Thursday, 16 October 2014 by Karen Krug

1 Star2 Stars3 Stars4 Stars5 Stars
Loading ... Loading ...

How many residences does an Illinois politician need? The Illinois constitution mandates that elected officials maintain a residence in the capital city of Springfield, IL.  But what happens when these elected officials don’t stay there?  Taxpayers still cover the cost.

A recent article from IllinoisWatchdog.org explains how taxpayers subsidize monthly leases for vacant Springfield residences. The Governor has a 16-room executive mansion in Springfield.  Top officials including the Attorney General, Secretary of State, and Comptroller all have fully paid leased apartments in Springfield.  The problem is – they live in Cook County.  And they conduct the majority of state business from the Thompson Center in downtown Chicago.

These elected officials are in Springfield, IL for two, maybe three days a month.  Surely there are available hotels in the capital city?  Yet taxpayers cover leases month after month. Should there be a law requiring state officials to live in Springfield? Perhaps it is time to change the mandate of a permanent residence in the capital. Should property taxes or any other taxes be used to pay for their housing? What do you think?

Springfield Illinois

Removing the Mysteries from Company Financials

Topic: A Tax to Grind, A Tax to Grind

Thursday, 09 October 2014 by Advantax

1 Star2 Stars3 Stars4 Stars5 Stars
Loading ... Loading ...

Advantax CEO David LeVan was recently interviewed by Jim Kendall, the founder of Kendall Communications and Business writer for the Daily Herald. In this podcast he explains why and how practicing open book financials through the Great Game of Business takes the mystery out of company financials. Check it out at www.kendallcom.com and just click on the mic. Enjoy!

Advantax and the Great Game of Business


Where in the World Are the PropTax Monkeys?? China!

Topic: A Tax to Grind, A Tax to Grind

Thursday, 02 October 2014 by Advantax

1 Star2 Stars3 Stars4 Stars5 Stars
Loading ... Loading ...

We are sending the PropTax Monkeys packing. Well at least exploring the globe for interesting property tax facts. Join us as we embark on a great journey and discover “Where in the World are the PropTax Monkeys?” This month they are touring spectacular China.

  • China’s local governments derive most of their property tax revenue from transactions rather than recurring property taxes.
  • Pencils are yellow because, in the 1890’s, the world’s best pencil graphite came from China. In China, the color yellow is associated with royalty, so American pencil manufacturers started painting their pencils yellow to indicate they contained high-quality Chinese graphite
  • The largest source of property tax revenue is a 3 percent tax paid on the value of property by the buyer for transferring property rights.
  • When McDonald’s first introduced drive-throughs to China, the concept was so foreign that many people would pick up their food through the drive-thru, park their cars, and bring the food inside the restaurant to eat it.
  • China’s current recurring property taxes are levied only against commercial property owners not households.
  • Rumours that astronauts can see the Great Wall of China from the Moon with the naked eye are untrue.
  • At current levels property taxes are already a dominant source of revenue for local governments. In 2013, property tax revenue was the second largest source of tax revenue after business taxes on the service sector.

           PropTax Monkeys in China