NH & Alaska
Only NH & Alaska out of all the states have both no income or sales tax. Why is that? Alaska has a small population and a lot of oil wells, enough so that after a one year residency, Alaskans receive a reverse tax, the Alaskan oil dividend, paid by companies like ExxonMobilTexacoConocoBPShellArco through their property taxes.
What has NH got? NH has lots of waterfront and mountain vacation homes and that are close enough to Boston. These vacation homes 'get drilled' just like the Alaskan oil for taxes. The money comes in from "away" and if someone cannot afford the taxes and has to sell then 'so be it, it don't matter who owns it really.' For the NH voters it is 'better them than us' to be paying. Now, ain't that right?
Only now, with the rising assessments of year -round regular type homes plus with the new mandatory five year full-value assessments performed by a certified assessor, there is a new wrinkle. So, how do you all like this new wrinkle?
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