📊 Benefits and Cost Analysis: The Value of the Core GRT Plan

🏛️ SEAL SD Breaks Down the Financial Impact

At SealSD.com, we’re committed to showing South Dakotans the clear value of the Core GRT Plan—part of the Maximum Liberty Plan (Plan 2)—which replaces all state taxes with a single 5% Gross Receipts Tax (GRT), generating $3.6 billion and saving you $3,000–$5,000 annually by eliminating property taxes. This page breaks down the benefits, costs, and overall economic impact of the plan, ensuring transparency and demonstrating why this plan is a game-changer for South Dakota. From massive tax savings to the cost of exemptions, let’s dive into the numbers and see how the Core GRT Plan works for you.

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💰 Key Benefits: What South Dakotans Gain

The Core GRT Plan delivers significant financial benefits to South Dakotans, ensuring tax freedom and fairness across the state:

1. No More Property Taxes for Everyone

• Savings: $1.6 billion state-wide, translating to $3,000–$5,000 per household annually. For example, a Custer County household with a $206,902 home saves $2,607 yearly (1.26% property tax rate).
• Impact: Eliminates the risk of losing your home to tax bills, providing peace of mind for families, seniors, and farmers.

1. Lower Costs on Purchases

• Savings: On a $40 purchase, the tax drops from $2.60 (sales tax) to $1.00 (GRT pass-through), saving $1.60 each time you shop, from Rapid City to Watertown.
• Impact: Reduces the cost of living, leaving more money in your pocket for everyday expenses.

1. Residency Rebates: In-State vs. Out-of-State

• In-State Residents: Live in South Dakota for 6+ months, get a $200 rebate—$60 million for 300,000 residents, from the Black Hills to the eastern plains.
• Out-of-State Owners: Those here less than 6 months don’t get the rebate, encouraging year-round residency to keep costs fair for locals.
• Impact: Rewards long-term residents and supports local communities.

Analogy for Clarity: Our picnic clears all spot fees, saving you $3,000–$5,000, offers cheaper snacks, and gives $200 gift cards to picnic regulars—making the picnic more affordable and fair for everyone!

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📉 Costs: What the Exemptions Entail

The Core GRT Plan includes exemptions to support small businesses, veterans, seniors, and military families, with clear costs to ensure transparency:

1.FED Small Business Exemptions

• All Small Businesses: Businesses under $100,000 in sales are exempt, helping 39,150 businesses—no cost to revenue since they contribute minimally.
• Veteran-Owned Businesses: Exemption up to $200,000, supporting 2,900 businesses, costing $21.75 million.
• Senior-Owned Businesses (65+): Exemption up to $150,000, supporting 7,954 businesses, costing $5.97 million.
• Total Cost: $27.72 million (0.77% of $3.6 billion GRT revenue).

1. Military Exemptions

• 100% GRT Exemption: Active-duty military and immediate families are exempt on business income, costing $4.78 million for 18,000 households.
• Total Cost: $4.78 million (0.13% of $3.6 billion GRT revenue).

1. Total Exemption Costs

• Combined Cost: $27.72 million (small business) + $4.78 million (military) = $32.5 million (0.9% of $3.6 billion GRT revenue).
• Revenue After Exemptions: $3.6 billion – $32.5 million = $3.5675 billion, still exceeding the $3.5042 billion needed for current services.

Analogy for Clarity: Our picnic gives free lemonade to small stands, veterans, seniors, and heroes, costing a small slice of the $3.6 billion picnic cake—but we still have plenty of cake to share with everyone!

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📈 Economic Impact: A Win for South Dakota

The Core GRT Plan’s benefits far outweigh its costs, delivering a net positive economic impact for South Dakotans:

• Net Financial Gain: Savings of $1.6 billion (property tax elimination) + $60 million (residency rebates) = $1.66 billion in direct benefits, compared to $32.5 million in exemption costs—a net gain of $1.6275 billion annually.
• Economic Growth: Increased disposable income ($1.6 billion) boosts local spending, supporting businesses and tourism ($4.96 billion industry). Farmers save $1.6 billion in property taxes, strengthening South Dakota’s $10 billion agricultural sector.
• Community Stability: No property taxes protect seniors and families from losing homes, while exemptions support veterans, small businesses, and military families, fostering a thriving, equitable economy.

Analogy for Clarity: Our picnic saves you $1.66 billion in picnic fees and gift cards, costing just $32.5 million in free lemonade—a huge picnic win that keeps everyone happy and the picnic thriving!

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🚀 Join the Movement

Got more questions? We’re here to help. Join the movement to learn more, volunteer, and help secure tax freedom for every South Dakotan. Your voice can make a difference.

👉 Join the Movement Now →
Your voice. Your state. Your moment. Get involved today.

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📂 Learn More

• 🌄 Our Vision for South Dakota
  The future we’re building — bold, free, and family-first.
• 📊 End Property Tax: GRT Plan
  How the 5% Gross Receipts Tax will replace property taxes — and why it works.
• 📈 Revenue Verification
  Ensuring every dollar is accounted for — transparency you can trust.
• 🛡️ Safeguards to Protect Homes
  No tricks, no traps — just locked-in protections you can count on.
• 🕵️ SD-DOGE: Our Government Watchdog
  Efficiency, oversight, and a watchdog that works for the people.
• 👉Get the Facts
  Will Prices Go Up?: Debunk myths about price increases under the GRT.
• 🚀 Join the Movement
  Your voice. Your state. Your moment. Get involved today.