[a / b / c / d / e / f / g / gif / h / hr / k / m / o / p / s / t / u / v / vg / vm / vmg / vr / vrpg / vst / w / wg] [i / ic] [r9k / s4s / vip] [cm / hm / lgbt / y] [3 / aco / adv / an / bant / biz / cgl / ck / co / diy / fa / fit / gd / hc / his / int / jp / lit / mlp / mu / n / news / out / po / pol / pw / qst / sci / soc / sp / tg / toy / trv / tv / vp / vt / wsg / wsr / x / xs] [Settings] [Search] [Mobile] [Home]
Board
Settings Mobile Home
/pol/ - Politically Incorrect


Thread archived.
You cannot reply anymore.


[Advertise on 4chan]


File: IMG_1160.jpg (106 KB, 1125x742)
106 KB JPG
He’s right you know
>>
the holocaust didn't happen
>>
File: twitter 16.jpg (68 KB, 690x634)
68 KB JPG
>>535724433
>Some fuckwit on twitter doesn't understand how property tax works.
Big if true!
>>
>>535724433
Rich people didn’t make you a poorfag. Most likely you had loser parents
>>
Houses go up and don't come down until niggers move into the neighborhood and start being niggers.
Stocks go up and down as Trump threatens to genocide nations for Israel, which is every other day.
>>
>>535724549
Literally everything he said was correct you fucking retard.
>>
>>535724433
So it turns out all taxation is theft.
>>
File: twitter12.png (69 KB, 385x358)
69 KB PNG
>>535724643
>everything he said was correct
Try to explain how you think municipal budgeting and tax commitment works.
>>
>>535724433
taxation is robbery
>>
>>535724549
>look at me
>I don't know that this is how property taxes work, and will insist it is wrong
Ok. What state are you in?
This is important.
>>
>>535724433
While that the point of property taxes is kind of niggery to have happen I suppose, taxing unrealized gains is legitimately retarded.
Fix would be easy, differentiate between single primary dwelling up to five acres, from anything else. Get your taxes from other properties.
>>
>>535724493
But it should have, and it will.
>>
File: QOL0wEQGU3g.jpg (210 KB, 960x1280)
210 KB JPG
>>535724433
> property tax: taxes property
> income tax: taxes income

Smart people can figure this out.
>>
>>535724433
Counterpoint, when you do sell your house you get 250K tax exempt if single and 500K tax exempt if married
>>
>>535724871
Whoa whoa whoa buddy, that's socialism
>>
>tu quoque fallacy
I don't want to be paying property taxes and they certainly shouldn't go up.
I also do not want to start paying taxes on my 100k IRA.
Inflation is a sin and taxation is theft.
>>
>>535724433
>I am a rwtarded nigger cattle slave. Explain to me why I should not want to enslave people who are superior to me?
>>
>>535724549
he's right though
>>
>>535724433
You aren't paying taxes on the increased value of your house you're paying taxes on the total value of your house and you're doing that because the state is allowed to levy direct taxes.
>>
File: twitter 27.jpg (95 KB, 1073x763)
95 KB JPG
>>535724807
>What state are you in?
Maine.
Tell me how the municipal budgeting and tax commitment process works in your state.
>>
>>535725018
>I don't want to be paying property taxes and they certainly shouldn't go up.
How much do you pay in property tax now and what is your town meant to do for revenue as their expenses increase if they cannot raise property taxes and you lack new development at sufficient pace to expand the tax base to fund your budgets?
>>
Why do we even let poor renters live
>>
File: Twitter react.png (84 KB, 548x1266)
84 KB PNG
>>535725107
Can you try to explain how you think municipal budgeting and tax commitment works?
>>
>>535724433
They go up because you vote for people who raise your property tax every year.
>>
If you aren't happy the way the government is handling your taxes, maybe you should do something about it.
Maybe there's something in your constitution about that
>>
>>535724433
You're paying for the "service" attached to the house.

You don't have to pay to own stocks (sometimes) since stocks have no service attached to them.

Property taxes are bullshit but they are not as retarded as "wealth taxes" since they don't have the same mathematical and logical problems. They're bullshit only because your local government is bullshit.
>>
>>535724433
>my taxes are unfair
>the solution to this is more unfair taxes!
>>
Property tax is government rent and I don't like it. Issue is how do you replace that tax base and if you don't how viable is a private replacement for the services provided by those funds. Truth is people need to be involved more in local politics (state, county, municipality, township whatever your shithole has). Property tax is entirely state and local level. Oh, and a reminder that everyone pays into property tax that dwells within whatever taxing jurisdiction it is. You really think Steinburggoldman is going to pay the increase with his profits?
>>
OP is a financially illiterate tard and its never going to happen. Blame your parents for not teaching you to put off instant gratification and plan for the future.
>>
File: twitter 25.jpg (142 KB, 952x537)
142 KB JPG
>>535725496
>Maybe there's something in your constitution about that
In our state it's called "Town Meeting" where once a year every voter in town shows up at the school gymnasium and gets to vote yes or no on every item of the budget. It's a thing we white people call "Democracy".
>>535725375
>you vote for people who raise your property tax every year.
Did you know there;s a direct correlation between the money your town spends and the property tax they must collect to pay their operating expenses?
>>
>>535725928
Property tax is the only tax that makes sense as it directly pays for the community. I also would support only property owners (get fucked rentards) having the right to vote in municipal, state/provincial and federal elections. Too many useless and low IQ people voting is how we got into this mess.
>>
>>535724549
He's right and you're the one who obviously is clueless but what's a contrarian slam dunk here.
>>
>>535725928
We wouldn't need most of these Jew Taxes if we had a real money system not based on made up Jew Debt.

The country was fine wit roads and schools well before any Fiat system.

Fuck Jews - TKD.
>>
File: 1460516667006.jpg (247 KB, 828x666)
247 KB JPG
>>535724549
there shouldn't be any property taxes
>>
>>535724643
Your property taxes dont go up based on the unrealized gains of the price of your property. There is no sale that takes place to reassess the value of the property.
>>
>>535725928
>Property tax is entirely state and local level.
Which states lay and collect property taxes on people's homes?
>You really think Steinburggoldman
Who?
>>
File: tax.jpg (39 KB, 636x351)
39 KB JPG
>>535726088
>Property tax is the only tax that makes sense as it directly pays for the community.
It's too umbrella'd, and it just means property tax payers end up paying for loads of useless shit: eg, soup kitchens, drug injection sites, homeless handouts, etc.

Have a house and need garbage? Thats a cost. Water? Cost. Firefighters? Annual cost. Make it pay-per-performance.

Carte blanche taxing is how they are fucking everyone over
>>
>>535724881
>> income tax: taxes income
Please define Income like the courts have - I bet you can't.
>>
File: 1328852477838.jpg (25 KB, 569x428)
25 KB JPG
>>535725599
>Property taxes are bullshit but they are not as retarded as "wealth taxes" since they don't have the same mathematical and logical problems.

Consider the following.

I buy a $500 plot of land in the desert and put a $500 shed on it. Then I put $100,000,000 in gold in the shed. I am taxed on $1000 of property.

I then take the $100,000,000 in gold and build a small shed out of solid gold on my plot of desert land. I am now taxed on $100,000,500 of property.

Seems pretty arbitrary to me.
>>
File: twitter13.jpg (820 KB, 1200x1200)
820 KB JPG
>>535726140
Try to describe how you think municipal budgeting and tax commitments work.
>>535726247
>The country was fine wit roads and schools well before any Fiat system.
Towns in my state have been laying and collecting property tax since the 1600s before it was even a state. How many times have you sat on a municipal budget committee?
>there shouldn't be any property taxes
Sure and we should all get a magical castle and a free pony, but until the magical infinite free shit machine comes along infrastructure and services cost money so people vote on the ones they want and collectively pay the tab to have nice things.
>>
>>535726610
>municipal budget committee
Lets see the CAFR Report
>so people vote on the ones they want and collectively pay
There is not "Vote" on what they choose to take from you.
>>
>>535726456
>I then take the $100,000,000 in gold and build a small shed out of solid gold on my plot of desert land. I am now taxed on $100,000,500 of property.
How many times has that happened to you or someone you know IRL?
>>
Reminder that all goods have mortality
>>
>>535724789
so i disagree with the post but im not smart enough to explain why its different, can you? so i can argue this irl
>>
File: twitter 11.jpg (44 KB, 510x446)
44 KB JPG
>>535726743
>Lets see the CAFR Report
Our town posts a treasurer's report in the town report every year which has a broad view of our finances. Municipal post audit reports are filed with the state, and our tax bills typically show a breakdown in the form of pie charts, our revenues and where the money goes.
>There is not "Vote" on what they choose to take from you.
In my state this happens every year at town meeting. Every registered voter can come down and vote yes or no on every single dime of spending the town is going to do that year.
>>
>>535727148
Why does a "native resident of Maine" have the shill image pack?
>>
>>535724433
The problem is rich people don't have an income based on labor done. Rich people get their income by taking out ever increasing loans bavked by their assets like stocks and just refinance the loans ad infinitum, benefitting and driving inflation. Look at elon for example, he is taking this concept to the extreme right now: taking out a loan to buy twitter, then "buying" twitter from himself using xAI, financing that buy by buying xAI using spacex and now putting out a spacex IPO so the pension funds are forced to be the bag holders. At no point did he pay even a cent towards his 40b loan he took before buying twitter. Once spacex goes public he will be a trillionair on paper so he will take out a small loan of a few billions to spend on private frivolities and instead of paying it back he will bribe more lawmakers so he can put an even bigger scam into the stock market.
>>
>>535724433
according to the second amendment
you didn't shoot enough politicians who voted for that
>>
File: 1718533042463075.jpg (107 KB, 640x480)
107 KB JPG
>>535724433
>H-h-he’s right you know
Shut the fuck up, 1post.
>>
>>535726456
Shiny rocks aren't real estate until you use them to build with, at which point your local government will assess it and you have a deed to it in that jurisdiction.

A better example of unjust property taxes would be getting taxed on things but having no possibility or choice of using the public services they're supposed to be buying, like public schooling if you have no kids.

Property taxes are at least comprehensible mathematically - unrealized gains taxes are not.
>>
>>535724433
Because it is REAL Estate. If there weren't taxes on it, with a well and some chickens people could nope out of the system. Assets in your portfolio have to go through the market to be converted to fiat.
>>
>>535724433
shit loads of regular americans own both homes and stocks
>>
File: IMG_1277.jpg (202 KB, 661x904)
202 KB JPG
>>535724549
You’re the retard in this situation.
>>
File: twitter14.png (220 KB, 997x907)
220 KB PNG
>>535726895
The way it works in the real world is that your town (in some states, counties and school districts also lay and collect property tax, but I'll stick to towns for simplicity) decides what they need to spend to provide municipal services and infrastructure that year. Next they figure out revenues (state/federal money, vehicle registrations, business licenses and building permits, taking out bonds etc.) then after subtracting revenues from expenses the balance is typically raised via property tax.
The theory being it's an equitable way to divvy up everybody's share of the town's expense by counting all real and personal property in the municipality. You take the revenue needed divide it by the total valuation of the town then you come up with a millage (mil) rate. The mil rate X your property's valuation = your tax bill.
The misconception being if your property value goes up you pay more is ONLY true if yours is the only property in town that goes up, which doesn't really happen under normal circumstances. For example, my valuation nearly doubled this year but my tax bill for the year went down because the people on the lake and certain other types of properties' valuation went up more more in comparison.
Going forward, my property tax is likely to go up a couple hundred bucks this year, but not because my home is worth more or valued more, but because our town is spending more money, and unless we have enough new homes or businesses to tax this year to cover the shortfall (we don't) the cost divvies up among property owners.
People seem to imagine the town just has a fixed percent and raises everybody's valuation to collect extra money but that's kind of backwards of how the process works.
>>
>>535724433
funny how the property tax man never decides your property value went down
>>
>>535726049
>It's a thing we white people call "Democracy".
It's extra funny since your country doesn't have that
>>
>>535727148
>posts a treasurer's report
Not the same thing and they are hiding the real money's - Ask for the CAFR - Every Corporation has one.
>>
>>535727225
>Anybody who doesn't think twitter-react threads are high quality is a shill.
>>
>>535724433
Rich people never sell stocks. They take up Lombard credits (ie handing over some of their stocks to a bank for a credit). And because a credit is not income you cannot tax it. Rich people live in debt because it’s cheaper than paying taxes
>>
>>535725636
I think difference is someone "worth" thousands of millions of dollars, also oh paper, can pay that tax and maybe let homeowners not keep paying for something they already own.
>>
Why can't they just make it so using your stocks as collateral on a loan counts as a realized gain which wouldn't change anything for 95% of people who have money in the stock market.
>>
>>535724433
They don't wanna pay property taxes either, but they're forced to. Just like they'll be forced to pay unrealized gains tax. The rich and the government have a symbiotic relationship, but ultimately the rich will run out of people to bribe and the politicians will pass the bills to make the government better funded. It's just a war of attrition now.
>>
>>535726303
Property taxes are heavily influenced by the state. Be it by the legal framework set out by state statutes or unfunded state mandates that local municipalities have to cover. Say in NC where school teachers in your local school system are considered state employees but the local taxes pay the bill to cover most of those expenses (plus the per pupil costs).
>>
File: twitter 12.png (606 KB, 700x700)
606 KB PNG
>>535727697
Can you explain how you believe municipal budgeting and tax commitments work?
>>
>>535726295
>laughs in tax assessor
>>
File: 1777941475327968.png (117 KB, 272x262)
117 KB PNG
>>535724433
Its not ok for your property taxes to increase either, fucking idiot.
>>
>>535724433
Thats why property tax should go away.
>>
>>535724433
>>535725107
paying a small property tax is not like paying tax as if you sold your house.
>>
>>535724433
Why is his conclusion from this reasoning is to tax billionaires on their unrealized gains instead of concluding that property taxes shouldn't exist? Why do leftists like taxes and being poor so much?
>>
>>535724493
The holocaust never ended so you just haven't seen the results yet from it
>>
>>535727778
That's a boomer thing only. Houses all decrease in value perpetually as they deteriorate, but their prices can be buoyed by immigration to drive demand, money printing to drive inflation, and regulation to constrain supply. Boomers have turned all three of these up to infinity.
>>
File: IMG_8926.jpg (68 KB, 582x641)
68 KB JPG
>>535728015
>noooo don’t tax the rich people more
Get fucked
>>
>>535724433
i’m actually an appraiser, he’s not wrong

car registration is also the taxation of a depreciating asset related to its specific use

“Existence taxes” need to go, very dystopian. Either take the money at purchase/sale or not at all.
>>
>>535726456
>>535726806
>How many times has that happened to you or someone you know IRL?

You're not familiar with the concept of reductio ad absurdum I take it.
>>
Property tax should rise logarithmically.
The more you own the more you should pay.
Someone who only owns one place shouldn't have to pay that much. Meanwhile huge landlords should eat shit and pay up.
>>
>>535724433
yes property taxes are also theft, we should get rid of those
but leftists tend to be apartment rentoids who cant comprehend cause and effect so they traditionally also screetch that we must increase property taxes
>>
>>535724433
And yet he would rather tax people on unrealized gains, instead of fucking off the unrealized value of property tax.
Probably because he doesn't actually own anything but even if he did its a fucked up mindset. Improve your situation, don't drag down others.
>>
>>535727719
so property tax isn't a percentage of the house worth, its a percentage of the the budget deficit based on how expensive your house is compared to other houses in the town, okay, ill remember that
>>
File: twitter 19.jpg (225 KB, 720x952)
225 KB JPG
>>535727979
>maybe let homeowners not keep paying for something they already own.
So who pays for schools, roads, and other public works and first responders, administration, and the like?
>>535728007
>unfunded state mandates that local municipalities have to cover
That's a whole separate issue and generally the biggest piece of the pie in what most of us pay in property taxes, but at the end of the day, at least in my state, people herd into the school on town meeting day and the vast majority of townspeople who show up vote to pay those bills. Granted it would get ugly if we didn't vote to appropriate for that spending, but we do have the option.
I think the typical social media addicted shutin wildly over-estimates how little the vast majority of people give a shit about any of this.
>>
File: twitter 15.jpg (64 KB, 600x600)
64 KB JPG
>>535728074
>Its not ok for your property taxes to increase either,
So what's the alternative for my town to pay its bills as costs increase? Towns can't just print money to make up budget shortfalls. If you've got a way figured out for our town to have all the infrastructure, services, and pay our county and school bills that doesn't rely on property tax let me know, I'll bring it up at town meeting next month.
>>
>>535727719
>get a jew treasurer that wants to "expand the economic potential of the city(build more data centers)" and needs a huge budget
>oops your property tax tripled because reasons sowwy :(((
>"it's okay, if my taxes go up due to a big budget, then they'll go down once everything is built and you start making tons of money, right?"
>"lol lmao"
>>
>>535726248
if only people didn't die with no next of kin to maintain upkeep of what would become abandoned and a derelict devalued eyesore for anyone with property adjacent
>>
>>535728387
property taxes are included in rent... apartment renters get fucked over by property taxes even more since they can't typically deduct the property taxes on their income tax either.
>>
>>535724549
He's right you poor fag
>>
>>535728713
Not even typically, rentals are forbidden from deducting property taxes, period. So it goes straight to the rentoid
>>
File: 1767222299293069.webm (1.94 MB, 404x720)
1.94 MB
1.94 MB WEBM
>>535727225
>>535727838
>>
File: twitter 3.png (76 KB, 1177x457)
76 KB PNG
>>535728320
>Either take the money at purchase/sale or not at all.
Interesting idea. Assuming our town had the authority to tax home sales, all we need to do is tax the 3 or 4 homes that sell in town every year for a few hundred thousand and our town could pay our bills!
>>535728342
>You're not familiar with the concept of reductio ad absurdum I take it.
The concept of just make shit up. Yeah, I know that one.
>>535728422
>so property tax isn't a percentage of the house worth, its a percentage of the the budget deficit based on how expensive your house is compared to other houses in the town
That's actually a very concise and accurate way to put it, yes. Again, from where I'm sitting my property tax goes up ONLY if my town spends more money than they can grow other revenues to cover or if for some reason my house gets re-evaluated higher but nobody else's does. My tax bill will go DOWN if the town spends less money in a year or increases other revenues (picks up a lot of new tax accounts, gets a big state or federal check, etc.)
Or for practical purposes, ff your property tax is going up, 99% of the time it's simply because your town is spending more money this year.
>>
>>535724433
>>535724549
"The rich" are also okay with abolishing property taxes, morons. If you don't like property taxes talk to your County Commissioner, County Auditor, Mayor, City Council and Local School Board. They set your property taxes, not "le evil rich people".

Also, the X poster is correct in the sense that property taxes are a wealth tax. His last sentence was retarded though.
>>
File: 1748340244738532.gif (973 KB, 400x300)
973 KB GIF
>>535727331
>elon is a big fat phony
>>
>>535728155
Checked, based, and redpilled. We can only hope
>>
>>535724433
Love how normie retards actively try to fuck themselves over like this. Moron is arguing in favor of more taxes. God I hate normies.
>>
>>535729186
What do you expect?
>>
>>535724881
So why not have property tax on stocks?
>>
>>535724433
>>535724549
The midwitt is correct on his reasoning but reached the wrong conclusion. We should remove property tax.
>>
>>535729139
>talk to townies
you are out of your element
>>
>>535728680
>>oops your property tax tripled because reasons sowwy :(((
First of all, implying a town is paying a data center to come in and not the other way around. Second, big spending almost always is done via bond/debt. Municipalities have to do this shit all the time for things like major road plans, new school, new firehouse, new water treatment projects, or even just a new fleet of public works vehicles.
But sure, there's a lot of opportunity for self dealing; insiders spending taxpayer money on pet projects to whomever promises them advancement with the party or throws them a kickback. The onus is on the people to pay the fuck attention to what their town is spending.
>>535728728
Can you explain how you think municipal budgeting works?
>>
>>535728680
Address this dude's point. If a data center is built and they start paying way more property taxes than what the land currently does, will our property taxes go down? Something tells me they won't.
>>
>>535724789
so basically you're saying the government needs the money so the tax is correct.

We;ll the government also needs the money from billionaires.
This is the state of where you brought the conversation
>>
The value of property doesnt change by the hour on publicly tracked indices.
>>
>>535725133
thats even worse
>>
>>535724643
no it wasnt, midwit who thinks hes smart. first of all, the rich pay property taxes. they pay way more of it than fags like that twitter poster. second, its for a way smaller percentage than cap gains on stocks. third, houses are way less volatile than stock gains, so its way less likely that you will have paid taxes for gains on your house one year, and then the next year your house goes down 20% in value and you get no refund on the tax paid. fourth, property tax generally has fixed maximum escalators in place--like it can only go up 2% per year, so even if your house doubles in value, you still only pay 2% more in taxes every year going forward. fifth, california, and maybe other states, grandfather you in to your current property tax amount even if you move, so if you buy a house worth $1mil, it doubles in value to $2mil, and then you sell it and move into another house worth $2mil, you still only pay property tax as if your house were worth $1mil.
so fuck you, ignoramus. as if anybody, including the rich, should be paying taxes to corrupt israel-worshiping scumbags who are going to turn around and give it to israel and to the tens of millions of hispanic and somali and nigger leeches getting free housing and schooling and healthcare and scam money. so double fuck you.
>>
>>535724549
Fuck both and you, retard
>>
File: 35656835668566556.jpg (40 KB, 551x549)
40 KB JPG
>>535724433
imagine buying that THE RICH JUST CANT AFFORD TO PAY THEIR TAXES OK?!! THEY DONT HAVE THE MONEY!!!!
>>
>>535729291
>why not have property tax on stocks?
Many towns in my state used to tax utility stocks (as well as livestock, bales of hay, board feet of milled lumber, cords of firewood, bicycles, musical instruments, and of course had a $1 poll tax). These all fall under the broad realm of "proerty" tax though those are personal as opposed to real property.
The issue is that it's easy for an assessor to write in a ledger (Map 1, lot 47 of the town tax map, and a home) and have a large asset to tax as opposed to an assessor having to count everybody's livestock or every bale of hay or foot of milled lumber in their barn. It's also much easier to collect the tax in that we have very simple and established process for placing liens and eventual foreclosure if necessary.
Tax collector in my state 150 years ago would have to try to confiscate some poor asshole's horses and cattle and shit and auction them off at the town square on the third Monday of February or some shit to squeeze the money out of deadbeats. Tax collector today sends a certified letter, then files a sworn statement to the registry of deeds and the town gets paid whenever the house is ever sold.
>>535729336
>We should remove property tax.
How much do you pay in property tax? To whom do you pay it? What do they spend the money on?
If you were to remove property tax, how would that municipality pay its bills?
>>
>>535729418
>If a data center is built and they start paying way more property taxes than what the land currently does, will our property taxes go down?
Yes, and by a LOT (until the voters or politicians figured out new shit to piss away the money on). One town near me has a big electric transfer station there and the power company pays property taxes amounting to about half the town's revenue. They have way more town services than us and much lower tax bills.
>>535729431
>so basically you're saying the government needs the money so the tax is correct.
I'm asking you how it works in your country. My town doesn't have the power to "tax billionaires". Does yours?
>>
What's the alternative, you lock in a rate when you purchase the land?
So people who purchased 10-50 years ago have a massive advantage in costs and the youth have to pay massively higher taxes to compensate for the old people who got better rates?
That's the result of the alternative
Maybe you prefer that, open to being sold on it. Personally I'm kind of sick of all the advantages boomers have for their old properties and don't feel like they need any more. Nor do I feel the youth need a massive tax increase kek.
>>
>>535725276
>expand the bureaucracy to meet the expanding needs of the bureaucracy
half or more of the property tax typically goes to schools to pay bloated salaries to teachers, pay for admins, pay for new school buildings.
>knowledge is free most teachers are unnecessary
>AI can already perform most teaching roles more effectively and more cheaply than a human. and the AI agent doesn't unionize.
>bloated school system admins is so notorious it's a meme. that can be done for free, more effectively, by any pta.
school admins should be gutted. teachers should be gutted. most schools should be burned down and rewilded. replace it all with AI driven education. the only exceptions are those with more of a physical nature such as physical education or shop class. future schools should exist purely for 8 hours a day of:
>shop class
>physical education
>wrestling
>weight training
>marksmanship
>fpv drone training

teachers automated:
>language class = google translate, duo lingo, babble
>literature = fag elective
>mathematics = chatgpt + calculator
>physics = chatgpt + calculator + shop class
>sex ed = partner with pornhub to make the equivalent of duolingo or babble
>history = joe rogan or historyguy on youtube
>>
>>535724433
if you have an absurd amount of unrealized gains that you don't even need to sell, then i support you being taxed on that. no one should have hundreds of millions of dollars, let alone billions of dollars, in stocks that 1) they don't really need and 2) could never spend in multiple lifetimes

literally a WASTE of capital
>>
>>535730622
>What's the alternative, you lock in a rate when you purchase the land?
>So people who purchased 10-50 years ago have a massive advantage in costs and the youth have to pay massively higher taxes to compensate for the old people who got better rates?
Some places can do this. Where my dad lives does, and it prevents new money from pricing out the legacy residents. It ONLY really works if the real estate market is hot enough that new money isn't afraid to come in and take a big hit and/or you have enough other cash cows (businesses) to cover the town's expenses.
I'm tax collector in my little town and after talking to hundreds of people (who actually pay property tax, not losers on social media who live with mommy) I've came to the conclusion that literally everybody wants the same thing and what it boils down to "I want nice things and some other asshole should have to pay for them, not me".
That's literally everybody's definition of tax fairness.
>>
>>535731019
>no one should have hundreds of millions of dollars
KYS you commie nigger. Really.
>>
>>535729291
We already do if it is realized gains - that's income.

For unrealized gains there is no reason to think that the money actually exists to pay such a sum - which has to be paid in USD equivalent btw.

Consider for example Nvidia stock holders: they would have a total of $1,000,000,000,000 in unrealized gains for last years tax timeframe, yet if every investor sold shares to pay for their tax liability, they'd crash the order book and price down below the year-start valuation. They wouldn't be paying money out of their profit, they would realize a loss and be paying it out of their personal savings as a reward for investing in American business.

You can demonstrate this with something like crypto, which is taxed like stocks. I can print a septillion niggercoins, set up a swap and swap myself one coin for $0.01, then send you a quintillion niggercoins and swap myself one for $1 on december 31st. You now owe $200 quadrillion in taxes. The total liquidity of that market? $1.01. The remaining $199,999,999,999,999,998.99 is coming from your savings.
>>
>>535731070
kys for hoarding wealth faggot. you don't deserve that much money. no one does.
>>
>>535729388
You need to be in it to win it.
>>
>>535725085
>implying wealth = superiority
KYS RETARD
>>
>>535731123
>you don't deserve
None of your business - now kindly KYS.
>>
I think poor people should be taxed for being poor. It'll incentivize them to stop being poor.
>>
>>535726088
>Property tax is the only tax that makes sense as it directly pays for the community
everyone here is missing the point. fuck the community. blood sucking leeches do anything except invest in green space.
take away property taxes, and your local government doesn't need to act all high and mighty paying themselves.
>>
>>535730913
>half or more of the property tax typically goes to schools
This is true almost everywhere. In my town it's between 65 and 70% of our annual budget straight to the school district.
>schools to pay bloated salaries to teachers, pay for admins, pay for new school buildings.
The largest hit in our school system (and most others I suspect) is the """special needs""". Cost of pretending 1 helmet wearing potato is going to somehow be educated into becoming a productive member of society is around $220,000 a year up here..... basically the cost of educating 10 non-retards. All unfunded mandates making our towns eat the bill.
Now the interesting part is that every year voters can go down and vote down the school budget. Out of a school district containing 32,000 taxpayers would you like to guess how many show up every year to vote on the school budget?
>school admins should be gutted. teachers should be gutted. most schools should be burned down and rewilded. replace it all with AI driven education. the only exceptions are those with more of a physical nature such as physical education or shop class.
No argument from me, and shop/voc schools being abandoned is a fucking tragedy.
>>
>>535724433
Bureaucrat says no.
>>
File: ngr.jpg (869 KB, 1600x1231)
869 KB JPG
>>535731099
>then send you a quintillion niggercoins
To the moon, baby!
>>
>>535731380
>pretending 1 helmet wearing potato is going to somehow be educated into becoming a productive member of society
LMAO!
>around $220,000 a year
Bet its only 1/4 that in reality.
>>
>>535724433
THAT IS BLATANT ANTISEMITISM
>>
>>535724433
They don't want people to sell
>>
>>535724433
Property tax is horseshit. At the very least, it should only apply to additional properties beyond your primary residence.
>>
So the solution to continuous money speculation is even more speculation? Do these niggers think the powers that have latter don't also desire the former? Do they realize to what degree they're turning themselves into government stooges? Do they think they'll actually be given power in the Big Brother state instead of being put against the wall and shot, or shoved down into the mines, or fields to work themselves to death?
>>
File: you 6.jpg (16 KB, 316x325)
16 KB JPG
>>535731587
>Bet its only 1/4 that in reality.
In some cases, probably. The issue here is that local schools don't have the staff or ability to deal with the real basket cases so they have to send them out to a special school that can handle ANYTHING and that's their rate (likely they earn every fucking penny).
There was one when I went to high school that they used to take around to some normal classes. Helmet, wheelchair, just screamed random shit constantly. TWO women babysitting him at all times. About once a week he would have a seizure and shit and piss all over himself then continue screaming incomprehensible babytalk. But I guess he has the "right" to the same education as everyone else so the public has to pay for tard wranglers and medical staff for his constant supervision.
>>
File: 1731008968739306.png (37 KB, 1200x675)
37 KB PNG
>Literally everything he said was correct you fucking retard!
Fixed that for you.
>>
wow. so many fucking kikes in this thread
>>
>>535724433
this bich nga owns a house and he's calling me "wealthy folx" because i have a robinhood account
>>
>>535724433
It's not based on the actual value of the home.
It's a way lower estimation than the actual price.
And the tax charge isn't in the 30% or whatever the lefties are trying to charge for stocks.
Also, stocks are monopoly money. It could lose significant value, in the blink of an eye. That's not the case for homes.
>>
>>535728467
Considering locally 38% of the county budget is education which is entirely based on state requirements (and not including capital improvements that the local budget also pays for) I'd say it is a very relevant piece of the pie. Add in public safety and the entire portion of the budget that property tax revenue makes up is gone.
>>
>>535724433
reported to ADL for too much noticing
>>
>>535726295
There is also no sale that take place when having unrealised gain
>>
>>535732397
Our "public safety" line is very small, a volunteer fire department and a capital equipment reserve fund (for a new fire truck every 20 years or any other big expense). Our next largest is roads. Roads/school/county is over 90% of our budget.
Since you didn't ask how many people show up to the school budget meeting to vote down their spending, about 60 people, out of a district that's taxing 32000ish voters 60 or less show up to vote on the school budget and 45 of them either work for the school or are related to someone who does. So basically 45 people who would vote to declare the superintendent God-Emperor and 15 people show up to vote no on all their spending. Literally 15 of us out of 32 thousand people who pay taxes to that school give a shit enough to sit through a 1 hour meeting once a year and vote.
It's awful hard to feel bad about tax cattle being milked when they care so fucking little that they can't even be arsed to make even the slightest effort to do something about it.
>>
>>535733150
Worse here. Population over 200k and you might get 2 dozen at any given meeting. But it's also a shit show these days so maybe those numbers will go up. Retards in NC had a knee jerk reaction to recent reappraisals in other counties so the state legislature just passed a constitutional amendment through for the ballot this year. It pretends to add levy limits but really is just another state power grab that will just cause taxes to go up more. Especially with a last second addition that allows for unfettered increases for education and public safety. No doubt every county will just spin that tax out to its own tax rate and keep the county tax the same or damn near.
>>
The real gay thing about property tax is that, while it isn't an "unrealized gains" tax, they do absolutely collude to fuck you
>House sells down the road for 300k
>My 50k house I bought 15 years ago is now suddenly assessed at 250k
>Add a deck for maybe 3k
>Next assessment is now 325k because of 'property improvements'
My property tax is 5x what it was last year. They just artificially inflate the value of your property to add "tax revenue" to the budget to waste it on bullshit. Pretty fucking gay. I don't even think any states do allodial titles anymore unless it's grandfathered as part of the land purchase.
>>
>>535733609
>>535733609
>Population over 200k and you might get 2 dozen at any given meeting.
Lazy, stupid and apathetic. Population 600 in my town and bi-weekly select board meetings have attendance of 10-20 depending on the topic. Town meeting (where we vote line by line on the budget and everything else) is about 60 which is actually pretty well attended compared to many towns (but it has also been a shitshow here for a while and we have some ornery motherfuckers in town which is nice).
>It pretends to add levy limits
Maine did the opposite where they just dropped the law that limited the mil rate and mil rate increases towns could levy. The issue is multi faceted starting with COVID popularizing remote-work, printing 8 trillion new dollars to pay people not to work THEN a couple big race riots in the cities and all of a sudden a 20K hunting camp is getting gobbled up by some sucker from away for 200K.
Inflation effects literally everything so your government's bills go up, fuel, insurance, labor, vehicles, computers and networking, paper, ink, diesel, oil changes, maintenance, light bills. So even with sane spending habits there's just no way to get shit done for the same money as you did 7 years ago.
Further squeezing for us is that if our local valuation isn't at least 60% of the state's valuation we don't get full credit back for homestead/veteran/tree growth exemptions from the state AND with the real estate market going just bonkers there's a complete shortage of state authorized assessors to get everybody up to a new and """fair""" town wide valuation.
I suspect a lot of other real estate markets and municipal budgets are feeling all that and of course there's ALWAYS some self dealing politician trying to backdoor some shitty deal that him and his cronies get paid and stick the bill to the taxpayers.
>>
>>535724493
yet
>>
>>535734349
>My property tax is 5x what it was last year.
Post pics of your tax bill with timestamp, liar.
>They just artificially inflate the value of your property to add "tax revenue" to the budget to waste it on bullshit.
That's the exact opposite of how municipal budgeting works.
>>
>>535724433
property taxes are the most jewish thing ever that everyone is taking for a granted, it's literally rent AFTER paying the full price of a house, a very inflated price plus interest to start with.
At least rent is controlled and I don't have to do any maintenance and I can gtfo any second a bad neighbour move around to another new house, and never enslaved to the debt bank jew too
>>
>>535724570
Actualy in a way it does. It is not good for a society to have multiple multi-millionaires or especially billionaires. All that proves is that wealth is being concentrated in a few sources instead of being available to anyone else.

Common sense proves that a society filled with extremely rich people that it is going to take away from other people as well. That's a no brainer. This doesn't even get into once that wealth is concentrated those few then use their wealth and power to effect politics and other sectors of society.
>>
>>535725133
>you're paying taxes on the total value of your house

LOL so real estate companies and investors get to decide the value of your house and then the government gets to tax you based on what they speculate your houses worth is. That is beyond retarded, why is this even allowed?
>>
>>535734806
>Why shit gotta cost money?
How much are you paying in property taxes now? To whom do you pay them and for what is the money used?
>>535734831
>It is not good for a society to have multiple multi-millionaires or especially billionaires.
Why not? Who else is going to invest the capital on new ventures? Niggers like you who piss away every dollar you get on check day?
>a society filled with extremely rich people that it is going to take away from other people as well.
What do you do for work and how much of Elon Musk's trillion do you suppose he took directly from (You)?
>>535734926
>LOL so real estate companies and investors get to decide the value of your house and then the government gets to tax you based on what they speculate your houses worth is.
Typically a Tax Assessor decides what your property is worth and that is compared to the value of every other property in the municipality to determine what percentage of the municipality's expense is your "fair share" to pay as opposed to every other property owner in town.
What is your town's annual budget and what revenues does it have besides property taxes? What other taxation powers does your town have?
>>
>>535734460
I've no doubt this will pass since people won't look past the title. Then they'll bitch when tax rates increase on a more regular basis since jurisdictions will fear not being able to increase when they actually need to for whatever excess expenditure comes up out of the blue.
>>
>>535735249
>Who else is going to invest the capital on new ventures?
What new ventures exactly? When was the last time you saw multi-millionaire and billionaires doing public works that benefit the public plus they actually do it for their society not to write it off on their taxes later to get most of the money back? When was the last time any of their profits transferred down to the people who make them money their lives improving?

>how much of Elon Musk's trillion do you suppose he took directly from (You)?
>You you you me me me

We live in a society not some libertarian wet dream. We are talking about society as a whole not inviduals here or are you unable to understand the concept? Most of Elon Musks projects are run by public funds with his connection ot the government he's not spending it out of his own pocket or he wouldn't be on track to becoming the first trillionaire to exist. Technically he's taken from you and all of us but I don't think you can comprehend this since you seem to only think in individual terms.
>>
do away with income tax and property taxes and kick big corp landlords from owning houses
1/3rd of people suddenly have enough to start affording homes right off the bat
more homes earned, more babies made
everything problem is feeding everything
>>
>>535729291
Why would you want property tax on stocks? What's being made better by doing so?
>>
>>535735406
>Then they'll bitch when tax rates increase on a more regular basis since jurisdictions will fear not being able to increase when they actually need to for whatever excess expenditure comes up out of the blue.
People always bitch about their taxes but the same motherfuckers will vote for """free""" shit or the politician that promises the most """free""" shit, or as you have also seen, won't even bother to show up to vote at all.
In my state we have literally direct democracy on everything in town and wide "home rule authority" to have local law supersede state law for most matters and still people go on social media and bitch but won't volunteer to get on the planning board or show up to vote against spending.
>>
>>535726049
>It's a thing we white people call "Democracy"
Where we let shitskins decide how to best steal our resources while kikes encourage them and laugh.
>>
>>535724433
Property taxes
>You own a house worth X
>Pay Y tax to cover the public goods your receive in your area as an owner

Capital gains tax
>You sold stocks you bought for $500, for $700
>Pay tax on the difference, as if it were income.

It's not the same
>>
>>535735249
>How much are you paying in property taxes now? To whom do you pay them and for what is the money used?
it doesn't matter, even if it's a one dollar, I OWN the house, I own the car, I don't pay anything to keep owning that car or any other asset. I don't care about money used or where, I already pay almost half my income in taxes (plus the sales), they can figure it out, the income tax is unconstitutional and should be all paid by employer and never the employee
>>
>>535735828
Tf are you talking about unconstitutional, are you a fake canadian?
>>
>>535735796
>the public goods your receive in your area
In the US you don't actually get any public goods for what you pay. Maybe a failing and incompetent school system if you're lucky.
>>
>>535735946
That's more because all your cities run massive budget deficits because you develop like shit. Everything is sprawl, you can barely afford the roads and sidewalks.
>>
>>535736054
That's a great argument for why we shouldn't have to pay them in the first place. They're completely wasting our money.
>>
>>535736091
No, that's the point, you see your society and yourself as separate. You are wasting your own money because you, and your community, are fucking retards who can't do anything correctly. If you, and your community, could come up with a good idea once in a while, it could probably get done.

Every American conservative responds this when their country gets criticzed
>Yeah it's crazy wut the guvvmt does, i would nevah!

retarded
>>
>>535735548
>What new ventures exactly?
Every single business bigger than a kebab stand that requires more capital than the owner can come up with in one lump. Even large projects from established companies, states, and governments are funded by issuing bonds to investors.
>We live in a society
I see, so you're entitled to free shit at someone else's expense because they've done better something useful with their life.
>>535735582
What do you do for work and how much savings do you have? How many homes in your area do "big corp landlords" own? Once we abolish private property how much do you think you're going to snap up one of those houses for and what will you do with the people living in that home now?
>>535735650
I think the theory is that if the federal government steals enough then eventually some of it will trickle down to him.
>>
>>535724433
All taxes that aren't optional are bad. Sales tax on non-essential goods is more correct. Also any tax Charles I made were funny as hell. I give those a pass.
>>
>>535735940
>The U.S. federal income tax was first introduced in 1861 to fund the Civil War and later struck down as unconstitutional in 1894 before being permanently established by the 16th Amendment in 1913.
>>
>>535736267
Sounds 100% constitutional then. Also why are you commenting on US Taxes, is my question.
>>
>>535726456
The city you are part of as the only citizen has a budget of $1000. As the only citizen, your tax rate will be whatever it is that pays that bill. If your house is in a town of 40 people, but your
100-story skyscraper house is built of Platinum worth a bajillion dollars, your tax rate will be 0.000000etc1% or something.

Property tax is about the city's budget. If there was no city you would still be paying a company for various services anyways. Internet service is private, but if a town took it over and pay for its upkeep from their budget, they will set a tax rate at a point where the budget can be met.
>>
>>535736333
It wasn't, then later made as one, just like any other jewish thing, it's illegal and unconstitional first then *magic happens* and they are enforced
>Also why are you commenting on US Taxes
US is the cornerstone of the west (((capitalist jewish))) system, most of the laws you have (economy or others) came or were influenced by US, although originated by cryptokikes aka anglos in bongland
>>
Why is /pol/ defending taxes now
>>
>>535724433
trying to conflate the two is disingenuous
>>
>>535724881
Shares are property.
>>
>>535736233
>I see, so you're entitled to free shit at someone else's expense because they've done better something useful with their life.

Where in my post did I say people are entitled to free shit at someone else's expense. Don't dodge this question, point out where I said people are entitled to free shit at others expense I'm curious?

What I'm advocating for is looking out for my country and my fellow countrymen and I don't give a shit how someone else is doing better in life compared to me or anyone else. Just because someone is doing better in life doesn't give them the right to then make society into their personal pet project play thing plus import millions of brown slave laborers which so far it is what multi-million and especially billionaires have been openly advocating for. If wealth is going to be concentrated to a few individuals then those individuals should and must be held to a higher standard as to what they do with it.
>>
>>535735668
>Where we let shitskins decide how to best steal our resources while kikes encourage them and laugh.
Not sure about all that. The only non-white in my town is from Trinidad, he looks more like a Jeet and he's actually a cool dude. The only jew that owned land here doesn't even live here (or vote here) and she just died this year and her children are going to be selling the property.
If you're going to make up some alternate reality to live in, why chose one where you're a helpless loser victim the whole time?
>>535735828
>Why shit gotta cost money?
For fuck's sake, Tyrone.
>>535736054
>Let me tell you how your city works!
OK, Muhammed, Give us your best plan for a municipal budget. Hard-mode your national level government has to provide enough military to babysit the rest of the world before they can buy anything else.
>>
>>535726088
Tariffs are the only tax that makes sense.
>>
>>535736760
Jeez retard, are you implying that your municipal government has to pay for your military?
>>
>>535734831
>It is not good for a society to have multiple multi-millionaires
Sorry your dad never taught you how to build wealth.
>>
File: niggers space.jpg (9 KB, 181x278)
9 KB JPG
>>535736489
Finally another adult enters the thread.
>>535736627
>Where in my post did I say people are entitled to free shit at someone else's expense.
Isn't that the logical conclusion of nobody should be a billionaire, that the state steals their wealth and showers you with free shit or spends it on whatever virtue signal good cause you're about to vomit out?
>If wealth is going to be concentrated to a few individuals then those individuals should and must be held to a higher standard as to what they do with it.
That's the great thing about a free market and allowing private property is that the people who do have vast wealth have a proven track record of making sound investments. Walton's store revolutionized logistics and now provides lower cost groceries to hundreds of millions of Americans. Bezos' online book store revolutionized online retail to the point where it needed its own web hosting and built their own that blew the fuck out of IBM, Sun, Oracle and other old and fat companies. Elon's spaceship company created a global communications network and in your lifetime will be sending up materials to the moon to build refineries for He-3 to power fusion reactors here on Earth.
But I'm sure if we threw a billion your way you'd do something really impressive with it that would effect basically everybody's life and advance civilization.
>>
>>535724433
Bro who cares grow up its like what a 20 dollar difference and all that goes directly to the city that helps you afford more cops, roads and firefighters and clean water.
>>
>>535737042
>are you implying that your municipal government has to pay for your military?
No, I'm implying that our federal government doesn't have the budget to pick up the tab for low population density/rural/remote towns. Not sure what your country does, but I know the UK has a big federal budget that gets dolled out to towns.
Or do you all just live in a society and everybody just volunteers enough to keep your town going or you pass around a boot in the town square to take up donations?
>>
>>535736233
>so you're entitled to free shit at someone else's expense because they've done better something useful with their life.
That's exactly what she's saying.
It's the same gripe as wammenz with lesbian dance studies degrees bitching because electrical engineers make more money...then later in life, when the two financial trajectories have diverged on their set paths for 20, 30 years, the resentment is even greater.
> muh millionaires
Anybody who lives in a large, non negroid urban area and has owned, maintained, and lived in a house for 25 years or more, raised kids there, etc., then also saved up 6 years of "making your own paycheck" retirement savings is a millionaire now. It means nothing. A million dollars today buys about what $50,000 did in 1925 when all the (((millionaire memes))) were ginned up after the passage of the Federal Reserve Act. And a billion today is about $50m in 2025.
>>
>>535736246
All taxes are theft. Period.
>>
>>535730030
200$ bucks a year
>how would that municipality pay its bills?
"Work according to your potential and receive based on your needs", you fucking communist nigger.
do they work harder if my property is larger ? what service they provide me ?
>>
>>535730291
what is the IRS ?
>>
File: 1608839381831.jpg (86 KB, 906x1024)
86 KB JPG
>>535730622
easy solution / answer: abolish property taxes, or only applied at time of purchase & sale, with a cap of 3-5%
>>
>>535736188
Its because our government broke the social contract in 1913, and made a bet we wouldn't shoot them for it. So far, they're winning.
>>
>>535734831
>All that proves is that wealth is being concentrated in a few sources instead of being available to anyone else.
It doesn't.
Billion dollar companies sell their shit and services all over the world. Their markets are huge, and that's why the investors are billionaires.
They're not taking money from everyone else.
You can demand better salaries. But saying that billionaires take money away from everyone else, is bullshit.
>>
>>535724549
He's right but misses the point that property tax was introduced as a wealth tax. Unrealized gains taxes would have to be extremely targeted otherwise you kill all upward mobility.
>>
>>535736489
Well, that's horse shit.
I live in an area where I and my neighbors pay for everything privately. (Rural.) And we still are expected to pay for the aposemetically-haired-and-tatted lesbians in the public schools, AND their kids if any, AND their retirements.
Go to the TIAA (teachers investment) Web site. They used to have a lot of stuff about "retirement equity," which is a fancy way of saying that most teachers never saved for the future, despite having teachers unions, COLA, and benefits, therefore others should have to give them money.

>>535736878
High IQ comment. Few of em in this thread.
>>
>>535724433
Sell the house then faggot
>>
>>535731056
That's also why communism fails. Everyone wants everyone else to give up their "fair share" but no one wants to give their own.
>>
>>535737624
You won't do shit.
>>
>>535724433
Cool, so let's end property taxes
>REEEEE NOOO WE HAVE TO GIVE THE GOVERNMENT MORE MONEY AND POWER
>>
>>535724433
LMAO what?

If you own a house you're richer than the people you want to tax.
>>
>>535737692
Literally just fornicators abusing the systems that allow them to reproduce.
The government won't do shit because people are too worried about their "market" and don't realize it's the individuals inside the community that are destroying society for narcissistic impulse.

>"I got mine"
>>
>>535737726
Cope, sell the house and you won't have property taxes.
>>
>democrat solution to poverty
>tax gains that aren't real
market collapse in 3...2...1...
>>
>>535724433
This is my Florida has a homestead exemption. You're locked in.
>>
>>535737942
>Stocks being cheaper so people can buy them at a discount is BAAAAD!
>>
Rich people use their stocks as collateral for endless capital loans.
>>
>>535724549
so I cant tell from all the seething replies, does /pol/ like or hate taxes?
>>
>>535737474
>200$ bucks a year
That's really not all that much money to get so upset over. How fucking poor are you?
>do they work harder if my property is larger ? what service they provide me ?
I have no idea. You live on the opposite side of the planet from me and I have no idea what services your town provides. Sounds like something you need to sort out at the local level if you feel you're not getting a fair shake of it though or not getting your money's worth in having a fire department, ambulance services, police, roads, water, sewage, trash pickup, parks, public records custodians, courts, or whatever all else that money funds.
>>535737527
>what is the IRS ?
It's a federal agency that collects tariffs and income taxes. Those taxes are levied by the United States Congress and are collected into the US treasury.
>>
>>535738088
Pretty much every Western Nation except the U.S has ended this loophole by forcing realization upon death.
>>
>>535727778
Nearby foreclosures drive down property values.
>>
>>535738158
I think the general consensus is nobody even understands how they work, they like the ones that punish people they are envious of, and hate the ones that they have to pay themselves.
It's like a crab bucket but more retarded.
>>
High property taxes drive niggers out; they can be worth their weight in gold.
>>
>>535724643
Well you are god-damn idiot, then.
Just shut the fuck up for once, and learn.
Blathering diarrhea you spew. Too many such cases on gay as fuck /pol
>>
File: 1749358867562856.jpg (74 KB, 914x648)
74 KB JPG
Reminder property taxes are the least harmful to society and stop people from hoarding homes. You can't have a functional society without them.
>>
>>535724433
He's wrong, because your property taxes stay the same unless you reassess your house, which you'd have to be a retard to do unless you're planning on borrowing against he equity you have in it. You don't even reassess it on sale; you let the new guy do that if he wants.
>>
>>535738332
It also drives out young families working as EMS people, firefighters, and teachers so you don't get any services.
>>
>>535726295
Are you fucking retarded or just never owned a home? They assess the value of your property yearly and in the tax statement and if you own a house in a country with a government it's likely that your assessment has been increasing perpetually for the past 15 years. They justify increasing your taxes based on the perceived value of your home according to their own private assessments. OP is actually right, they shouldn't be allowed to do this unless they can actually justify the spending. they also never go back down so if at some point you get fucked by a market crash you're still going to be paying taxes on a house they assessed at 500k even though it's now only worth 375k or something. The whole thing is a giant grifting scam. Even worse when you live in a part of the country with no services because it's rural but they fuck you with in town levels of taxes.
>>
>>535738645
What's wrong with taxing the rich bourgoise though? Governments need taxes and property taxes seem like the best ones.
>>
>>535728320
That works for most things, but land is special. Without an "existence tax" the system would break down. Because there is a fixed amount of land any land you own denies land to other people, and as time goes on, more people. Land becomes more valuable over time just by existing, so without taxes to ensure you make productive use of the land, you run into a situation where eventually the handful of people with land are infinitely more wealthy than those without. Land is also something that you need to live. You can't not have a home. Taxes are there so you don't just hoard land you aren't using and sell it back into the market.
>>
>>535738645
>They assess the value of your property yearly
Holy shit, that's crazy. It costs a lot of money to get it done here so it's something most towns try to do every 8 or 10 years.
>>535738645
>They justify increasing your taxes based on the perceived value of your home according to their own private assessments. OP is actually right, they shouldn't be allowed to do this unless they can actually justify the spending
So in Canada they can't just raise the mil rate but must raise your valuation in order to raise revenue for your towns?
Are you sure that's how it works?
>>
>>535738736
Tax luxury items like vacation homes, second properties etc. Taxing primary residencies is bullshit especially how they do it here in canada. The last place I lived in because the way they've been pumping the housing economy here with immigration they were going to double the taxes. That means I was going to go from 3k a year in an area that got fuck all services to 6k a year for the exact same lack of services just because our gov is corrupt and has a bunch of real estate they wanna pump and dump for their own gains. This is also local taxes not federal so these taxes are used and spent by your local town-hall which is probably full of a bunch of low level corrupt pieces of shit wasting all this money inflating their own salaries and hiring their nephew and his 3 siblings to work for the parks department or something.
>>
>>535738954
Why not tax the people with primary residences and mortgages?
>>
>>535738944
Yep every single year I get a statement with what my home is worth which is separate from my actual property tax bill, which will also have the new valuation of my home and then a directly related tax increase on the property. so if my taxes were 2700 on a home I bought for 175k, and the gov decides my house is now worth 250k, they will raise the taxes directly proportional to this, the best case scenario I have seen is a year or two delay in this where they warn you "Hey we're going to be fucking you in the ass way harder in 2028 just so you know, get that ass ready for us honey" and then your taxes double 2 years later. The old house I lived at had this happen back in 2018. I was paying about 3k a year, they were changing it to 6k in 2020 and god only knows what it is now
>>
>>535738736
Can we tax the government? They're richest of all
>>
Don't cry, gym up. Once you reach max gains you no longer have any unrealized ones to tax
>>
>>535724433
Yes and no, if you have a 401k or IRA you aren't being taxed on gains. If you simply invest in the stock market, you don't get taxed on gains. You can do that too.Property tax is bullshit and evil though, completely unconstitutional and designed to keep you from actually owning a home. Needs to be abolished ASAP. Paying tax to the government to simply own a home?
>>
>>535724433
Put a grave on your property. Officiate it as a family cemetery. Then the property cannot be taxed and the land cannot be taken from you via seizure or imminent domain. Even better if you're native, like me.

You're welcome.
>>
>>535738954
>Tax luxury items like vacation homes, second properties etc. Taxing primary residencies is bullshit
It will just cause people to dump more money into their primary residence above all other things in the market. One of the reasons why property taxes are so high is because people already see theor property as a way of building wealth. The way the government has dealt with this in the economy is to both give lax tax incentives for purchasing homes and tacking on property taxes on to the homes themselves. If homes didn't increase in value the government wouldn't see a need to tax them the way they do.
>>
>>535739387
Really who cares. Homes ownership isn't doing the government or community any good. It's there to protect you only so much as you are a boon to the community around it.
>>
>>535739601
>Homes ownership isn't doing the government or community any good. It's there to protect you only so much as you are a boon to the community around it.
Huh? Explain this slop statement.
>>
File: 1779656030899837.jpg (69 KB, 591x822)
69 KB JPG
>>535724433
>>
>>535724433
if we can tax rich people on unrealized gains then we can tax benefit poor people on unrealized losses.
>>
>>535735796
No
Property taxes:
>You own a house worth X
>Pay X sub a tax -- after one year
>Pax X sub a+b tax -- after another year
>You pay tax on additional +b unrealized gain
Capital gains tax:
>No property tax because we live in a dystopia -- after one year
>No property tax plus anything either because fuck you -- after another year
>>
>>535729107
>how expensive your house is compared
That's a very roundabout way of saying they're taxing you based on the theoretical value of your house at some point in the math. Which is an unrealized value.
If people taxed stocks the same way, what you'd say about it?
>>
>>535724433
he's arguing for California's Prop 13. look what it did to the real estate market over there
>>
>>535724789
>municipal budgeting
not my fucking problem
>>
>>535724643
Property tax is not a tax on income.
>>
>>535728108
They operate under the following process:

1. describe something in a way meant to manipulate you
2. ??? Logic doesnt matter
3. profit (you do what they want)
>>
File: IMG_1731.jpg (379 KB, 1206x1833)
379 KB JPG
>>535741377
>google ai
>its murky (im required to say that)
>also heres the facts showing its not murky


Man if they really lock down ai the future will be dark
>>
we also can't tax kings and the aristocracy because their positions were ordained by god.
>>
where is this fucking narrative that the stock market is only for rich people, im not rich and i have stock
>>
>>535724433
My country will start a tax of 1% on all wealth based on all asset owned if it's over 2.8 million euro.
>>
>>535724549
what they said is exactly how it works though you literal retard
>>
>my house
twitter isn't the place to post your creative fiction
>>
>>535724433
you can't groom minors withu unrealized gains
>>
>>535724549

i DENOUNCE THE TALMUD.
>>
>>535724493
It did but it was the Germans..
>>
>>535724674
this, but for a libtard it's not about freedom, it's about equality in oppression
>>
>>535738407
>Reminder property taxes are the least harmful to society and stop people from hoarding homes.
Just put a cap on the number of homes people can own you fuckwit kike.
>>
>>535730291
>Yes, and by a LOT
Objectively incorrect. Northern Wisconsin has begun construction on two of them, and before the things are even complete local property taxes went up.
>>
>>535726088
Property tax only makes sense for businesses and anything larger than a typical family home. Regular citizens shouldn't have to pay shit for their property. Defeats the entire fucking purpose of having property
>>
>>535724549
why did you feel the need to post a pic of yourself?
>>
File: A9c5t2aCQAAoBzs.jpg (37 KB, 600x338)
37 KB JPG
>>535724433
I am taxed on unrealized gains twice a year when I pay property tax. My property value seems to never go down too.
>>
>>535724433
Those are two different types of taxes.
>>
>>535747029
you get to get claim an income tax deduction on that famalam
>>
File: ZBWglWG[1].png (317 KB, 1348x1243)
317 KB PNG
>>535726391
>Make it pay-per-performance.
Stop right there criminal scum! Home Depot™ presents The Police®! Nobody move! Now, who's gonna pay me to investigate this crime?!
>>
>>535724643
Nope, you don’t pay a capital gains tax when your home increases in value. Property tax is calculated via a small percentage of what your house is worth. For example say your house went up 50k, you’d have to pay taxes on that 50k, whereas your property tax went up from like $2,000 to $2,100.



[Advertise on 4chan]

Delete Post: [File Only] Style:
[Disable Mobile View / Use Desktop Site]

[Enable Mobile View / Use Mobile Site]

All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.