Also, the tax rate is 15 percent only for the first year.
On the other hand, if her tax rate went down to 30 percent, she would have $3,500 less.
Would the change result in a lower or higher tax rate?
The tax rate went up 4 percent without doing anything.
Higher tax rates do not always bring in more money.
Town officials said they plan another 7 percent increase in the tax rate this year.
These benefits, however, have nothing to do with having a single tax rate.
But it's the same result if the tax rate were 100 percent.
"So your tax rate has to be increased to make up the difference."
During those years, they paid a federal tax rate between 38 and 30 percent.
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