Who sets the tax rate?
The tax rate is set each June by the Sedona Fire District Governing Board based on the recommendation of the Fire Chief and Staff. The maximum tax rate allowed is $3.25 per $100 secondary assessed value; currently, SFD’s tax rate is $1.75 per $100 secondary assessed valuation, which is the lowest rate in the State for medium-sized fire districts.
(The flat tax and the 3rd part of the check and balance) Since GDP companies would support all of government, companies would not want the government to set the rate for the “fox would be watching the henhouse.” Similarly, the government would not want the companies to set the rate because, again, the “fox would watching the henhouse”. The proper solution is that the tax rate should be set by a “super majority” vote on the off-year elections between the presidential elections. In the event a “super majority” votes fails, the tax rate will remain the same as the previous period. Component IV – Social Security – Social Security Tax would change from current model to a model where companies pay a flat rate for each employee and collects nothing from the employee. The amount paid could be determined through an algorithm similar to the following. (The company-matching portion for an employee making $75,000 per year is around $4,800 per year or $400 per month.) The new plan would then requir
