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Archive for March 4, 2015

Loveland Sales Tax on Food

Loveland Sales Tax on Food

  Should Loveland eliminate its sales tax on food? I say no for three reasons; Elimination would cost the city $6.2 million per year. Elimination would remove the city's most stable revenue source; the only one that will be there for us in good times and bad. Its negative effects can be mitigated. First, how I rate a tax: Is it progressive or regressive, stable or volatile, painful or barely noticeable? Four examples: Income tax:   Progressive and barely noticeable, but volatile. In ... Full Story