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One thought on “Marshall: ‘If you’ve got a home you can afford, be thankful’

  1. Becky,

    I feel your neighbors’ pain. Yours, too, but your assessment did go down a bit, so maybe not so much.

    According to http://www.taxfoundation.org > Wahington ranks 35th in the percent of income the average citizen pays in state and local taxes. In 2008, we’re paying 8.9% vs. the national average of 9.7%.

    When the economy dips, as it has in the past and will in the future, people naturally think their housing (food, fuel, everything else) is less affordable. It surely is.

    But at 35 out of 50 in state and local taxes paid, I don’t think we have much to worry about. States balance taxes between income, property and sales. We have higher property and sales taxes than some, but no income tax. Let’s not suggest, even in jest, that we set up another large bureaucracy to administer income taxes.

    CSOB

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