Property taxes are one of the biggest con jobs ever perpetrated on the American people.
The problem is that if you scrap property taxes, it has to come from somewhere else. And in a lot of ways, it becomes more visible. And people will revolt - especially renters. :)
One reason I moved to KY is that my annual property taxes on a new home, a big barn, and 32 acres with two streams is less than one month’s car payment. :)
Imagine a 30% sales tax.
Income taxes are worse. So what’s the solution? The fair(consumption) tax? Capital gains + corporate taxes are a joke.
Property taxes are the worlds’ oldest crime. People paying it had to go into prostitution, leading to the second oldest crime.
It's the only way to have a bloated bureaucracy full of political patronage folks who do nothing all day except eventually cause local governments to go bankrupt due to the fuzzy math of over promising pension benefits and not funding them.
what I most dislike about property taxes is.. they go up as the value goes up.
It’s the same as if the income tax went up every year.
It put tax increases on automatic pilot.
Yep...you just rent the property, after a huge cash outlay. Don’t pay your property tax demands, watch your property disappear.
“Property taxes are one of the biggest con jobs ever perpetrated on the American people.”
Refreshing, beginning premise for a search for
alternative ways of taxation.
IMHO
So many of the little people though like property taxes because they think “the rich pay”. Many are unaware that such taxes are included in their monthly mortgage payments.
I’ve been saying this for years. People don’t seem to know that there is nowhere in this country that you can own property. Ever.
You got that right. I don’t have kids but for my adult life I have been paying the school tax for all the apartment dwellers and illegal immigrant kids in Gwinnett County. They far outnumber private homes.
I don’t mind paying the school tax because we have to educate our youth but it should be through the local sales tax. Let everybody pay.