MossRoad
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Amen to that! :thumbsup:
Property Taxes
- Thread starter dooleysm
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Amen to that! :thumbsup:
MossRoad
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The main problem I have with that is that people that make less income have to pay a larger percentage of their total income than someone that makes more income than them. Regardless of your income, you still have to get there. For example, a guy making 20K and a guy making 100K. If they both buy the same kinds of taxable items, say $10,000 dollars worth of taxable goods, they both pay $200.00 in sales tax. The guy making 20K is paying 1% of his total income in taxes while the guy making 100K is only paying 0.2% of his total income in taxes. Doesn't seem fair. That's why I would like to see flat income taxes with no caps. Even percentage across the board.
so ,
I'm taxed on my Gross, (taking out all kinds of tax goodies), then I get to put the net income pittance of what is left over in the bank , and they tax any interest I make off that. Then once a year I get to file my fed and state so they can tax me all over again there. when all is said and done I may have enough to pay my property taxes.
Course I did forget to mention all the other little taxes , ie goods I purchase, gas, home fuel,
depending on your state Social security , military pensions , ah yes 401k (for those lucky enough to possibly have one etc.. etc..
Didn't we throw a bunch a tea in some Harbor a short while back when England was doing this to us??
I think the last straw for me was when they has the nerve to tax my 'Bota
A mans gotta draw a line in the sand somewhere
I'm taxed on my Gross, (taking out all kinds of tax goodies), then I get to put the net income pittance of what is left over in the bank , and they tax any interest I make off that. Then once a year I get to file my fed and state so they can tax me all over again there. when all is said and done I may have enough to pay my property taxes.
Course I did forget to mention all the other little taxes , ie goods I purchase, gas, home fuel,
depending on your state Social security , military pensions , ah yes 401k (for those lucky enough to possibly have one etc.. etc..
Didn't we throw a bunch a tea in some Harbor a short while back when England was doing this to us??
I think the last straw for me was when they has the nerve to tax my 'Bota
A mans gotta draw a line in the sand somewhere
MossRoad
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No. The Boston Tea Party was primarily because of taxation without representation. We have representation. We may not like the job they are doing, but we have representation.
brin
Super Member
I see your point Moss...OK then let's do this ..think of it as a user fee..it is not just property owners that use the roads, the police, the fire dept., the schools etc. tourists are accustomed as are business travelers to paying a tourist or occupancy tax at motels and hotels...so give the folks below a certain income level a card that can be presented at the cash register along with valid picture ID that exempts them from the user tax. Something has to be done to take the pressure off of property tax or as a previous posterfmentioned some elderly - retired folks will not be able to stay in their homes or on their property and it will impact even the younger folks...there has to be a limit or their will be no real estate market ..no one will want to buy for fear of the tax..Think about it...
MossRoad
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MossRoad
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That would require laws, government employees to administer, and more forms to fill out, etc....
Just think of it this way.... with a flat tax, on April 15th, you fill out a form that says
1. How much did you make in income last year? Enter in box A.
2. Multiply that by .20. Enter in box B.
3. How much income tax have you already paid this year? Enter in box C.
If the amount in box C is larger than the amount in box B, subtract the amount in box B from the amount in box C. This is your refund.
If the amount in box B is larger than the amount in box C, subtract the amount in box C from the amount in box B. This is how much more you owe.
Thank you for doing your taxes this year.
That's it! Then set up the same form for the state and make the percentage whatever percent your state votes for. Whatever it takes to eliminate property and sales taxes. That's it.
No more huge IRS. No more large state RS. Easy to figure. Easy to file. Same percentage paid by everyone, so everyone contributes. The little guy doesn't feel the big guy is getting a better deal. The big guy can still make as much money as he wants and won't be penalized by progressive taxes. Everyone would pay no property tax, and we all would like that.
Hmmm.... can we then eliminate taxes on beer, smokes and luxury items? :laughing:
I have always been a big proponent of a flat tax (or similar )system. How about a pay on oly the purchases you make , you want the big car , gonna pay a big tax, you want the big house , you pay the big tax .. want that big boat pay that big tax, that way people decide what tax they can afford to pay and live within their means.
True Scenario ,
My mom is retired , she has made all the money she is ever going to make.
She worked , raised 3 kids and kept a roof over our head. She no longer has a mortgage.. yet every year they raise her property tax. eventually My sister and I will have to figure out what to do to help her out. she will reach a point (in the not so distant future) where her Social security and very small pension will no longer cover her taxes. Even if she sold the house , the price of condo's in our area are so high she would actually have to pick up a mortgage again Just to purchase one. We have thought about a reverse mortgage for her ...
Truly a sad situation for an independent woman who was a contributor to the American workforce all her life and a great mom to boot.
True Scenario ,
My mom is retired , she has made all the money she is ever going to make.
She worked , raised 3 kids and kept a roof over our head. She no longer has a mortgage.. yet every year they raise her property tax. eventually My sister and I will have to figure out what to do to help her out. she will reach a point (in the not so distant future) where her Social security and very small pension will no longer cover her taxes. Even if she sold the house , the price of condo's in our area are so high she would actually have to pick up a mortgage again Just to purchase one. We have thought about a reverse mortgage for her ...
Truly a sad situation for an independent woman who was a contributor to the American workforce all her life and a great mom to boot.
Bird
Rest in Peace
I'm sure others have thought of that idea, too, and of course it just can't work. For one example, I know of a town with city council, police department, street maintenance, etc., as with most towns. But the odd thing about this town is that, until recently, there was not a single retail establishment in the city limits; not one. So that town had zero sales tax income. And even now, sales tax is very small part of the city's income, but there's lots of nice homes, small ranches or farms, very high dollar property, but low property tax rates.
ultrarunner
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It is sad and that is why I'm all for predictability regarding property taxes...
My WA State neighbors live in a VERY modest home they 100% built 50 years ago... this is their home... three years ago, their taxes took almost a 50% jump.
Assessor said the land is valuable and their isn't much they can do... they had planned to live out their days in their modest home...