Friday, November 18, 2016

Watch your property taxes when politicians run out of dough-re-me

Politicians will try to tax you for benefits you never voted for,  So, for example, if you buy a house in Chicago, you are screwed. 
Money: As a resident or property owner, you can get a sense of your vulnerability by finding out how underfunded your city or state’s health care plan is. Governments must publish their unfunded liability for retiree health care in annual financial statements and, next year, on their balance sheet.
If you’re a local-government employee, meanwhile, read the collective bargaining agreement that covers you. “Unless expressly guaranteed for life, health care benefits end at the termination of the collective bargaining agreement and therefore can usually be renegotiated,” Pozen says.

No comments: