Posted on 12/25/2007 10:53:22 AM PST by NormsRevenge
Seems to me one of the big mistakes was jettisoning the law that allowed only taxpayers/property owners to vote. You can bet this was done on purpose. By that I mean, not for anything beneficial.
If you think taxes are not necessary, well, this argument is over.
Excessive taxes, misused tax money, is certainly on the table.
If you think taxes are not necessary, well, this argument is over.
Excessive taxes, misused tax money, is certainly on the table.
That's what the argument is. If you don't think we are all excessively taxed there isn't any way to argue with you.
I don't have a monopoly because you continually miss the point. I think the seniors should be able to get credit for WORK IF THAT'S WHAT THEY CHOOSE TO DO.
What relevance is that? I have only been living here for 28 years.
None, except at the time he owned a LOT of the $450K land that those $50K homes sit on today.
I never thought you were a native Virginian. All I've ever known had some class. You have none!-- plus zero ability to see past the tip of your nose!
btt
Sure it makes sense. Market rate for a receptionist is probably $12 - $14 per hour. They’re stiffing grandma at half the market rate. And she’ll have to stick to her government job 2,000 hours per year to pay her stinkin’ taxes or she’ll lose her home. Work all your life paying the gov’mint, then they force you to not retire and work til your dying day.
Just goes to show, if you are young, sock away as much as you possibly can and then a bit more to avoid becoming a slave to gov’t. in your dotage.
Why must they choose? Answer: Government is taxing their property to the point that they can no longer afford to live in their own homes. This particular county has the third highest tax rates in the country. "Getting credit" is a form of indentured servitude to a government entity. Trading work for taxes is not my idea of democracy or America. It is already enough that people must work approx 5 months just to pay off their taxes to various government entities.
None, except at the time he owned a LOT of the $450K land that those $50K homes sit on today.
There are no $50K homes on $450K property in my neighborhood. Why do you make such nonsense up?
That is exactly what I mean when I say that you can't see past the tip of your nose. The world does not revolve around you, your county and your tax rates. My tax rates are low.
I would be happy to tend to one of the four flower beds on our courthouse square for credit towards my county taxes. The incompetent county employee who is paid over $40K does a horrible job and I think seniors would do better.
Three years ago our gazebo on the courthouse square had to be replaced. It cost $60K. A group of retired men offered to do it for ZERO and they were told "No." The "contractor" did a horrible job and everybody assumed there were "kickbacks" involved--the "good ole boys." Your opinions are formed by your experiences; mine by my experiences.
There are no $50K homes on $450K property in my neighborhood. Why do you make such nonsense up?
Are you sure? In my area $500K will buy you a 4000 sq.ft house on 5 acres. Your land could be more valuable than the houses that sit on it. What size is house do you have on what size lot?
As I have noted previously, you have an obvious reading comprehension problem. I was using my county as an example of what is happening to many of the elderly in this country and what will befall many of the baby boomers who have low rates of savings and have used their homes as cash cows by borrowing against the equity. Property taxes continue to increase faster than wages. That is going to be a problem for many who must rely primarily on SS for their retirement. The median household income for the nation — half were higher, half were lower — is around $43,500. Increasing property taxes, some of it attributable to immigration, legal and illegal, is affecting the middle class as well. 80% of Americans pay more in payroll taxes than they do in income taxes.
I would be happy to tend to one of the four flower beds on our courthouse square for credit towards my county taxes. The incompetent county employee who is paid over $40K does a horrible job and I think seniors would do better.
Again, go for it. Tell them you will work just for taxes, nothing more.
Are you sure? In my area $500K will buy you a 4000 sq.ft house on 5 acres. Your land could be more valuable than the houses that sit on it. What size is house do you have on what size lot?
I have my tax assessment report and my insurance appraisal. No the land isn't worth more than the structure. It isn't even close. The structure is worth almost six times the land in a propery worth around $675,000.
I comprehend what you are saying; you don't get my point--which is your point of reference. You talk about YOUR county as if it is the norm but, also according to you, is the highest taxed county in the country! You say, "Property taxes continue to increase faster than wages." Tax rates are low and not increasing where I live--but the appraisals continue to go up, increasing tax revenues. Our school taxes are the highest but are frozen on homesteads @ age 65. Of course, in Texas we have no state income tax; have a 6% sales tax (not on food or meds). We have a .0225 sales tax inside our city limits. A bigger problem in my county is government employee benefits that are totally absurd, will only go up and will soon reach the amount that our tax rates will have to go up just to pay their health and retirement benefits.
Retired people move here because the property taxes have remained low. So far!
The median household income for the nation — half were higher, half were lower —
Thank you but, I actually passed a graduate course in statistics. (barely!)
The structure is worth almost six times the land in a propery (sic) worth around $675,000.
Townhouse!!!!
Just the opposite. My county is far from the norm. And I never said that it is the "highest taxed county in the country." Where did you come up with that one? Can you cite a post where I said that?
A bigger problem in my county is government employee benefits that are totally absurd, will only go up and will soon reach the amount that our tax rates will have to go up just to pay their health and retirement benefits.
Your county is not the norm nor is Texas when it comes to property tax. Since you don't have an income tax, property taxes are higher than they are in VA.
Again, it really isn't that significant about what your county or state is when it comes to the growing state and local tax burden coupled with rising real estate values. The baby boomers and the elderly will more and more be forced with some hard choices about staying in their residences because of our low national savings rates and the problems with our entitlement programs that will more than likely become more means tested in terms of benefits and adjustments made to the current COLA formula that will lower annual adjustments.
Townhouse!!!!
LOL. Correct. I also have a house in Scottsdale, AZ.
O.K. Third highest. It isn't my reading comprehension; it's my memory!
We have some very nice waterfront properties nearby on the largest lake inside TX--Lake Sam Rayburn. Trees grow down to the water-line. Third house could be the charm!--not to mention the low taxes! Come on down! LOL!
My friend's BIL went in with some other guys who combined their $$$ and they buy houses on or near golf courses that are popular vacation/retirement areas. They use them like time-shares, except they own them. The main purpose is investment. The BIL is a builder of high $ homes in Dallas so it could be that they are all in real estate, one form or another. One is in VA or W. VA. where BIL's family spends a month in the summers.
My mom did a reverse mortgage and got a lump sum. The mortgage company pays the taxes and insurance too. I wonder if the got taken on her reverse mortgage deal.
We the people have become incredibly dense to the amount of taxation we are forced to bear. The revolutionary war was started over a 4% tax - many of us are in the 50% or more, tax bracket now, between local, state, and federal taxes. We are slaves to a government that still feels no limits on its authority to spend on nonsense, pork barrel, and namesake aggrandizing monuments to their egos. I would be quite cheering on those who would take this to the streets.
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