As we approach the May 5 mayoral run-off one of the issues at the fore is the question of taxes. One of the candidates has advanced the possibility of replacing Anchorage property taxes with a sales tax while the other rejects the idea. Part of the disagreement appears to stem from how a sales tax would be crafted (what items would be exempted, transaction caps, etc.) and what rate would therefore be required. Perhaps you’ve heard a sales tax of 6% would raise enough revenue to replace property taxes. If so, that assertion was probably based on work performed by Larry Persily back in 2005.
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