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Old 09-14-2009, 11:01 PM   #10
RobbieClarken
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Quote:
Originally Posted by doreenjoy View Post
But the costs of running public facilities *are* rising every year. It's called inflation.
Since most tax rates are a percentage of the nominal (dollar) value of income, consumption, land, profits etc, as inflation drives up the nominal value of these quantities it will also drive up the nominal amount of taxes collected. So inflation doesn't explain why public facilities would be short on funds.

Last edited by RobbieClarken; 09-14-2009 at 11:05 PM.
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