Posted on 08/29/2017 4:26:00 AM PDT by gaggs
I’ve always thought this. Property that you live on should never be taxed. If it is income producing property,like a home you rent,then that’s a different matter. Even with rental property,you are double taxed....once for the property tax & again for any profit you made on it through income tax. Plus this matter...in most places,I think you’ll find that the large portion of property tax goes to the school system,who then use it to possibly indoctrinate your kids in all the wrong ways.
The only thing the citizens did up there that was good was vote in Proposition 2 1/2 - which limited increases in property tax to no more than 2 1/2 percent a year.
When I got to CT, I was in for a rude awakening. My property taxes go up nearly 10% a year!
This is always the case.
The advice I have always gotten on real estate is to never own the most expensive home in a neighborhood. I have followed this and even gone further by usually having one of the least expensive homes in the neighborhood. This gives more room for capital gains.
If you want a nicer house, move to a nicer neighborhood.
Yeh property taxes and insurance are just part of the expense of wealth building. The housing market is like the stock market. It goes up and it goes down. Buy low and sell at the top. I put zero down on the last two homes and walked away with a big profit. The taxes and insurance were just a business expense.
The bonus was....I got to live there with my kids and we all really enjoyed it.
Same here. Mr. GG2 and I are enjoying our current house on a small private lake with a mortgage payment half the cost of monthly rental in our neighborhood. Soon we will sell it pay no income tax on the profits and pay cash for a retirement home in the mountains.
The taxes we pay generally in this country are enormous. We have to pay those taxes to support the half of our society who refuse to work and pay their way. Those same people who have much more time on their hands get into much more trouble which requires us to have an enlarged police force and prison system. Those same people who won’t feed and clothe their children force us to pay much more for our schools than just teachers and administration.
Our society has gotten sick because of politicians who tell us that we can’t let the poor chillen suffer.
Our politicians go to serve for a small salary yet become millionaires. On whose backs do they get this money from?
Thomas Jefferson must be turning in his grave.
>> But where on the planet is it any better?
Under a bridge?
That's not rent. It's extortion.
We own the least expensive home of anyone we know. And we don’t regret it.
Generally it's a l'il noisy and the climate control sux.
But ya hafta admit it's closer to true freedom. d:^)
One of my favorite lines from a movie...
"..Because we know the difference in freedom, and the illusion of freedom.."
Anybody gonna got the name of said movie?
I see that as rent.
That’s not rent. It’s extortion.
Its been that way in virtually every state I've lived in.
which is why CT is heading for the Venezuela of the Year Award given by the State of Illinois, sponsored by the Cities of NY, Chicago and Buffalo!
Get them organized to demand no school taxes...
In Rye NH, one older semi-retired local... went after it.. Rye, North Hampton, Greenland and I think Portsmouth, all had a ballot measure to leave the State of NH scheduled for early October of 2001, but September 11, occurred and the vote was cancelled. Leaving the State of NH over the Loaner town/Doaner Town issue was deemed as un-patriotic at the time. A new State was to be born due to excessive taxation and a whacked Judiciary... I think Killington Vt was going to vote to leave Vermont and Join NH that same year as well over the same situation... so the point is... it can happen even today
Fruits of the 17th Amendment, Uniparty foundational requirement ..... and Fedzilla fueled by the 16th Amendment, taxes by the bucket full... JP Morgan/Wilson/Any Roosevelt/ and the wealthy pushing back very hard for the average joe to pay for it:
Pay roll taxes 1943, the wealthy stuck it to Roosevelt for the 1934 executive order on Gold.. TR and FDR attacked their neighbors so a few in Government could have control of the masses...
Income taxs
Health Insurance 1943, look up how blue cross blue shield got started...
Removal of the Poll Taxes, which meant you had to own land to vote or pay a tax as a non-land owner for the right to vote... hmmm wonder what my local tax bill would be now if the poll tax stayed in NH? You had to own the property, no mortgage was how it was in NH...
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