'Passing burden to the people'

Print Article

Wouldn't it be nice if you could lower your property taxes by tremendously undervaluing your home?

That's exactly what big box stores are doing using a "Dark Store" loophole. Representative Amy Loudenbeck and big box stores would have you believe that their empty, eyesore properties should be valued the same as their occupied, revenue generating properties. In an August 9 BDN article, Representative Loudenbeck voiced her opinion that she would support a creative solution that would appeal to all stakeholders. Unless stores agree not to use a loophole to lower their taxes, I don't know what other solutions she imagines will come from waiting until the next legislative session.

Not only did stores like Staples and Menards receive refunds from the city of Beloit to the tune of more than $366,000 between those two alone, but that tax burden goes directly to you and me and our school district. Since the Wisconsin corporate tax rate has sat comfortably at 7.9% for the past twenty years and the federal corporate income tax rate has just reduced to 21%, I think it's fair to say businesses are already getting a break.

Middle income Beloit residents married filing jointly are taxed at 6.27% in Wisconsin and 24% at the federal level. Corporations show far higher incomes than the average working family married filing jointly, but they are treated almost the same in tax percentage. Big businesses, and Representative Amy Loudenbeck, think they also deserve the benefit of undervaluing their properties to shift more tax burden onto hardworking families. If I underpay my property taxes, I have to pay a penalty; I don't get to ask the city for money back.

November is coming. Hold Representative Loudenbeck accountable and vote for Brittney Keyes to promote the best interests of our community.

Megan Miller

Beloit

Print Article

Read More Letters to the Editor

'All participants should be proud'

February 19, 2019 at 10:15 am | A big thank you to Ben Westphal and the Beloit Memorial High School concert choir who performed for the SLU kick-off. It was amazing. All participants should be proud of their work. Sheire Faulkner...

Comments

Read More

'Where's outrage at killing babies?

February 19, 2019 at 10:15 am | Republicans tried to pass The Born-Alive Abortion Survivors Act. The Act states that "If an abortion results in the live birth of an infant, the infant is a legal person for all purposes under the la...

Comments

Read More

'For workers, not wealthy'

February 19, 2019 at 10:15 am | The national debt has passed a new milestone, topping $22 trillion for the first time. The national debt stood at $19.95 trillion when President Trump took office just 2 years ago. The debt figure h...

Comments

Read More

'Forge bipartisan coverage solution'

February 11, 2019 at 10:07 am | As a Wisconsin voter I am an advocating citizen for governmental leadership assuring continued access for health insurance coverage for individuals and families with pre-existing medical conditions. ...

Comments

Read More

Contact Us

(608) 365-8811
149 State Street
Beloit, WI 53511

©2019 Beloit Daily News Terms of Use Privacy Policy
X