Personal Property Party Cove
An article in the Lake Sun Leader (via Combest) discussed a new law requiring owners of storage facilities, such as marinas, to list the names and addresses of everyone who stores taxable personal property at their location, or face a fine. I have no problem with this law. If we are going to tax personal property, we have to do it as accurately as possible so that the taxes can be spread as widely, and low, as possible. Now, if you want to talk about removing the tax on personal property, I am all ears — but as it is now, this law is about enforcing the current system more accurately. And besides, with apologies to my boss, the last people in the world I want to see getting by without paying taxes are the powerboat owners in the Lake of the Ozarks.
