Quote:
Originally Posted by Jason14h
Property tax. Is there anything more annoying that takes your after tax dollars.
I'm sure young Peter didn't have property tax, utilities and home insurance factored into the budget! The amount of after tax $$ these 3 things take up is crazy.
That's all I really have to contribute
|
I actually think property taxes should be a lot higher. A lot of resources go into maintaining the public spaces and infrastructure that allow home owners to live in and profit from home ownership. Why should Joe Public, who is renting, have to pay to maintain the pipes, electrical wires, phone lines, streets, etc...that all go to your property.
This is a direct consumption tax and a tax the community would otherwise bear. This is also a tax that gets investors and other people who skirt around the income tax/capital gains laws.
Property tax is much fairer than taxing income and using it for random purposes that may or may not benefit the payor in any way.