Well, I live in the wonderful state of VA. I have been paying “property” tax on a vehicle I lease (hey, it’s not my property…I just lease it) to the tune of about 4.5% EVERY YEAR. So I decided to just buy the vehicle as the lease was about up. Guess what? Now I get to also pay another 2% sales tax this year on the residual value.
So let’s see…I get taxed on the money when I make it, taxed when I spend it, taxed on the property I spent it on, and taxed when I pass along the property to my grandkids. Ok, yes, sounds fair.
I believe if people REALLY knew and considered how much money we get taxed in this country, we would have another Boston Tea Party. If we ever do, count me in.