Subscibe to my site and I will tell you how I managed to reduce my property taxes to zero AND get free room and board!
Posted on 03/24/2025 7:30:35 AM PDT by delta7
Washington? That one is a surprise.
They will have to increase the sales tax though.
Wait til they get their property tax bills.
IBTG
Mississippi is not a good example. Poor and the most obese.
**Washington? That one is a surprise.**
Live on the border with Oregon-no sales tax I remember. Cross the border to do one’s shopping.
It would be most ideal to have a national sales tax and no income tax. Poorer people will pay more taxes they haven’t in the past but they’ll have more control of their money. Tariffs and sin taxes like before. The first part is DOGE.
A sales tax is a fair tax, regardless of rate. You have a choice to buy or not buy. It applies equally to all buyers. So everyone feels its effects and can equally bitch to their state representatives about finding the right sales tax rate to meet the states needs and not over charge the tax payers.
Unlike graduated income taxes, which disincentivize work, and even more unlike property taxes, which directly penalize owners but not renters.
IBTG
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The TxGator is also very busy on Bitcointalk, the site despises Armstrong as he does not think much of Bitcoin ( or any E money), thus the huge amount of attacks on him.
“Now if States can eliminate Property Taxes (a tax on unrealized gains), they will see growth beyond imagination.”
Property taxes are levied by municipalities, no states.
How do you propose funding of those services?
That is the problem here in NH.
Eventually seniors on fixed incomes can not afford the property taxes.
Even though we have one of the overall lowest tax burdens.
NH has no income tax.
Sales tax only on rooms and meals.
NH just eliminated the interest and dividends tax for the year 2025.
I bought my 2700 square foot house fourteen years ago for $270K. The taxes were about $8K.
Once in that 14 years they went down.
Every other year they went up.
This year will be the first year they are over $10K.
My auto registrations are now about $300 annually for a 2012 Tacoma, a 2008 Honda CRV, a cargo trailer and a Massey Ferguson tractor.
If I had brand new cars that could easily be over $1000 annually.
I have friends whose real estate taxes are over $15K annually.
If you have a lake front house or ocean front house the taxes are over $25-35K.
So, the people who live in expensive homes and drive brand new autos pay the majority of the taxes.
However, my inlaws who are both in their 80s pay almost $9K on their house they have owned since the 1970s.
Congratulations Mississippi !
“Unlike graduated income taxes, which disincentivize work, and even more unlike property taxes, which directly penalize owners but not renters.”
Renters are paying Property taxes. The owner passes it to them in their monthly rent.
Texas rapes us on property taxes.
Yes, of course, but the problem is they dont directly see them. They get angry at the landlords for raising rates, but they will vote for any county/state tax levy or school bond that comes along because they dont see the tax on a bill each year.
Registering a tractor? You drive it on the road much?
Subscibe to my site and I will tell you how I managed to reduce my property taxes to zero AND get free room and board!
Texas rapes us on property taxes.
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Hopefully President Trump’s tax policies ( the need to reduce/ abolish them)will filter out to the States.
Just one state that tackles the problem of taxes will result in massive flows into the State, draining those with high taxes. New York a good example, their lost revenue from those fleeing is in the billions.
Go Trump!
I drive it down to the local fuel station to fill up with diesel.
I also have driven it to the dealer where I bought it about four miles away and to the inlaws house about two miles away.
It costs a whole $26 to register it for 2025. I have a plate but you don’t need to display it. I have it behind the seat in the cab.
Hey, going down hill in 2wD high range I can get it up to 17 mph.
TxGator, I enjoy reading your Bitcointalk forum, their attacks on Armstrong ( and me by screen name) are repeated by your posts.
Your screen name there reveals a very “ interesting “ mindset. Carry on, Soldier!
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