Does anyone know why is it that some online sites charge taxes and many don’t?
how can I order from my neighborhood shoprite and pay maybe 3 dollars on 200 in groceries when the sales tax here is 8.25 percent?
I pay taxes for some things on Amazon and not for others, and even then the tax rate is sometimes correct (which sucks) and sometimes lower.
confusing
That’s the biggest problem with any property tax system that is based on property value instead of some other objective measurement. Roadway frontage and the number of curb cuts for driveway access to public roads is a good way to assess property taxes, along with the floor area of the building and the impervious surface of the building and the parking lot. These are all very good indicators of the burden a property places on taxpayers, so they should be used to calculate property taxes.
Increase the sales taxes on these properties.
If the property only has value with the tenant in place, and would sit vacant if the tenant closed the store, then the value is not the property. In many cases, if the big store is an “anchor”, like a Bestbuy, Home Depot, Kohl’s, etc, the loss of the anchor store could result in the failure of the smaller shops and restaurants in the center and even more loss of tax $$$ and jobs. Local governments need to think before they kill their “golden goose”.
Amazon (an incredible company) has an unfair tax advantage on internet sales. For most sales local and state taxes are not levied.
I use Amazon as it is quick and efficient at an equal or lower price.
I feel they should pay state and local taxes where the item is ordered from. Thus the local stores will be on an equal competitive basis with Amazon. Here in Texas that will cost me 8-1/4% and this is fair.
Who gave governments the “right” to charge you money for possessing goods that you are selling, and for which you will pay sales tax? You will, of course, be paying income taxes on any profit that you are foolish enough to make.
This is because government hates the fact that you actually OWN something, and they don’t. They would have seized it in a communist country. OK, the USA is not officially communist, so they won’t just waltz in and seize it, but they do something just as bad: they charge you a “property” tax on your possessions. If you don’t pay, they will come for you. If you defend yourself, you’re dead. So it comes out the same way in the end, except that we have the illusion of going to bed at night and thinking that we are not a communist country.
One test of value is this:
You say your property is worth only two million.
That buyer over there wants to give you $2,100,000.
Sold!
Generally property should be assessed at what a buyer would pay less transaction costs needed to get that price.
I might be able to only get $190,000 for my house, but a licensed real estate agent might be able to get $205,000, for a ~$15,000 commission.
The mall nearest me is about half empty.
The Costco thrives and JC Penney fights hard to stay in business.
Sears gave up about one year ago.
Macy’s gave up its space about two years ago.
The mall, except for the Costco wing, is probably worth only its land value less demolition costs.
At one time Walmart based all of its stores in exclusively-rural areas. I presume for good reasons.
When Walmart first came to our state, I knew people who would drive 200 miles just to load up their vehicle with groceries, etc. Nutso in my mind.