- Welcome to Delaware - Home of Tax Free Shopping
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- Evasion vs. Avoidance
- Mobility
- Sales Tax Mobility - in smaller states along borders
- Income Tax
- Delay
- Regressive Taxes
- Property Tax - hits new and small businesses hard, poor neighborhoods - low land value, all the value is in the building, midtown - building is low relative to land value
- Tax Collapse
Land value provides a reliable revenue stream
Sales, Income, or Business - ask analyst from Left and Right - first tax revenue streams to collapse during bad times Property tax is very slow - 5 to 10 year catch up
- of people subsidized - monopoly privilege