Tax Rate Based On Residency Duration

By Forrest Smith -

I generally don’t think we’re creative enough with regard to tax rates. I don’t think I’ve ever heard of residents or businesses being taxed based on how long they have been inhabitants of a location. For instance, I move to the highly-popular destination of Bend, Oregon, which has been attracting people like crazy for the past 30 years. It seems like the community could benefit from even higher tax rates on new citizens, who perhaps should contribute more to the community to offset the additional weight that new citizens bring to a community — or to just accelerate what the community can do to make it an even better community. Perhaps that tax rate is permanent, or it could even fall back to the lower rates that existing citizens get after a set number of years.