Why Connecticut Wants Your Money Any Way They Can Get It…

“If the Realtors are so concerned, why don’t they lower their 6 percent [commissions]?” James Finley, Connecticut Conference of Municipalities chief lobbyist.

Bloodsucking-governmentThis folks is what you are fighting when I bitch about government greed. The example of Connecticut fighting Realtors over a short term transfer tax that the cities and municipalities want to maintain. Connecticut put in a short term increase in the conveyance tax that was paid when the home transfered title. Now that it is up for renewal the state and cities want to keep it in place (what a surprise).

But what is really offensive is this horrid lobbyist saying that real estate agents should bear the brunt of it. Mr. Finley, you think you are so smart, but do you realize that the so called 6 percent also pays a hell of a lot of taxes across the state and country. I throw country in there because these cities and states live off the federal tit for much of their money already.

The pittance they are raising is nothing compared to the myriad of taxes, sales taxes, and other government fees that real estate agents pay in earning that “6 percent commission.”

The thing we have to remind all of the bureaucrats and all of the sucker fish (lobbyists) that hang on to the sides of government is that it is our money that funds government. The taxpayers are too busy to focus on governmental officials to get all their transgressions, but when they get us riled up by rubbing our noses in it, we will go after them.

It looks like the Realtors in Connecticut have awoken to the bloodsucking nature of their state and their minions lobbyists do not like it.

The Realtors have been locked in a five-year battle with the Connecticut Conference of Municipalities, which says that cities and towns need the extra $40 million generated by the increased tax on the sale of all properties. The municipalities group is fighting back hard, saying the cities and towns have come to rely on that money to fund local services.

“It’s part of the transaction price. It’s the cost of doing business,” said James Finley, CCM’s chief lobbyist. “If the Realtors are so concerned, why don’t they lower their 6 percent [commissions]?”  via Courant.com.

Related posts:
  1. Top 10 Cities For Relocations in the United States
  2. Half Of Housing Grant Money Goes Towards Foreclosure Purchases
  3. How High Tax States Drive Out The Rich
  4. Local Municipalities Losing Millions in Property Tax Revenue

« « CDO Primer or How The Subprime Mess Got So Big| Personal: Sick Son So Posting Will Be Light » »

There Are 2 Responses So Far. »

  1. I certainly hope that your State Association of Realtors is assisting in fighting the image among the elected officials that Realtors are the “bad guys” who need to lower their fees. Here in Michigan, our state association has been vigiliant in the fight to impose a “service” tax (http://www.mirealtors.com/news/underthedome.html#bln) which includes real estate commissions. Hmm.. let’s take on the Realtors, the Bankers (for their mortgage commissions), and the Attorneys (a service, if there ever was one). Nice going, elected officials.

    When the elected officials have bled the state dry via taxation, and there’s no more blood left to squeeze out of the turnip (us, the electorate who voted for these “tax and spend” idiots), then they might realize that they’ve gone too far. By then, it will be too late. The only ones left in their state will be other elected officials. The rest of us will vote with our feet.

  2. [...] some national attention… Why Connecticut Wants Your Money Any Way They Can Get It… from Tom Royce at The Real Estate [...]

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
      Pete | 21Mar10 | More
    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner