Should those with income greater than $1 million be taxed to provide property tax relief for you.
Property Tax Relief and Fairness: this is a slogan for peddling a government policy. What is wrong with it?
41-45, M
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DeWayfarer · 61-69, M
This is more an issue of buying up multiple properties just so the wealthy can limit the housing.
Housing should be a right within the limits of people's income. Not be a means to increase the wealth of the very rich.
Hence why the taxes are ineffective in limiting buying up properties.
Just make an out right law that only one house can be bought by a single individual or corporation for renting purposes.
Allowing renting of multiple units is not a solution to housing. Nor is taxes that can be avoided through itemized deductions.
The wealthy don't pay the same percentages anyway.
Housing should be a right within the limits of people's income. Not be a means to increase the wealth of the very rich.
Hence why the taxes are ineffective in limiting buying up properties.
Just make an out right law that only one house can be bought by a single individual or corporation for renting purposes.
Allowing renting of multiple units is not a solution to housing. Nor is taxes that can be avoided through itemized deductions.
The wealthy don't pay the same percentages anyway.
sree251 · 41-45, M
@DeWayfarer
I was not being clear about the issue. "Property Tax Relief and Fairness" is a proposed program for imposing an additional 3% tax on those earning income of more than $1 million. This money goes towards funding property tax relief for others lower on the food chain. Tax the rich to pay the poor is the name of the game.
The wealthy don't pay the same percentages anyway.
I was not being clear about the issue. "Property Tax Relief and Fairness" is a proposed program for imposing an additional 3% tax on those earning income of more than $1 million. This money goes towards funding property tax relief for others lower on the food chain. Tax the rich to pay the poor is the name of the game.
DeWayfarer · 61-69, M
@sree251 you're not understanding my point. It would never pass without a loophole. It would get killed before it started, if their was no loopholes... plural!
I mentioned only one loophole on property taxes. There's more for corporations. Like economic incentives.
I mentioned only one loophole on property taxes. There's more for corporations. Like economic incentives.
sree251 · 41-45, M
@DeWayfarer
You and I are not talking about the same thing. My topic is based on a specific state tax program proposed for voting on tomorrow.
you're not understanding my point. It would never pass without a loophole. It would get killed before it started, if their was no loopholes... plural!
You and I are not talking about the same thing. My topic is based on a specific state tax program proposed for voting on tomorrow.
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sree251 · 41-45, M
@DeWayfarer
Loopholes for who? If your income is more than $1million, you pay 3% to the Property Tax Relief Program. It's that simple. Of course, you can wiggle out of the tax dragnet. This is what we do.
and I'm saying there's loopholes in it. Some never even considered! That's what lawyers are for. To find loopholes. And they always find the darn loopholes, if they haven't already found them. Tax Lawyers write the tax laws.
Loopholes for who? If your income is more than $1million, you pay 3% to the Property Tax Relief Program. It's that simple. Of course, you can wiggle out of the tax dragnet. This is what we do.
DeWayfarer · 61-69, M
@sree251 no that is not right. It's wrong to wiggle out of taxes, that where not intended to be wiggled out of to begin with!
Why have any taxes if you don't what A WORKABLE SOCIETY? Why not just chaos then? 🤷🏻♂
I don't know about your area, yet there's a very real housing shortage. All because of the wealthy. They own whole housing tracks and rent them out as AIRBNB rentals and such.
At least limit the number of rentals they can own! They don't need whole housing tracks, just to rent out and increase their wealth.
You tax them, they will only raise the price for the rentals.
That's a tax loophole all by itself! Because it's based on the house property and not how much they rent the houses. The value of the house property doesn't go up, because you rent it. Actually decreases the value. So less taxes, on top of the multiple property rental increases.
You're encouraging them to buy up more houses with that tax.
BTW there's a Republican house representative here, that has done just that! It's happening all over the country though.
That is just plain immoral. That's evil itself. Designed to limit housing for everyone, for the sake of their wealth.
Why have any taxes if you don't what A WORKABLE SOCIETY? Why not just chaos then? 🤷🏻♂
I don't know about your area, yet there's a very real housing shortage. All because of the wealthy. They own whole housing tracks and rent them out as AIRBNB rentals and such.
At least limit the number of rentals they can own! They don't need whole housing tracks, just to rent out and increase their wealth.
You tax them, they will only raise the price for the rentals.
That's a tax loophole all by itself! Because it's based on the house property and not how much they rent the houses. The value of the house property doesn't go up, because you rent it. Actually decreases the value. So less taxes, on top of the multiple property rental increases.
You're encouraging them to buy up more houses with that tax.
BTW there's a Republican house representative here, that has done just that! It's happening all over the country though.
That is just plain immoral. That's evil itself. Designed to limit housing for everyone, for the sake of their wealth.
sree251 · 41-45, M
@DeWayfarer
Basically, we pay taxes for a reason: paying for services we use. Congress have appropriated $175 billion to Ukraine in support of the war. Congress did not take it out of our taxes but put it on our tab. Is supporting Ukrainian war effort a service that you need?
We are a free market economy. You seem to believe that the wealthy is being irresponsible and need to be curbed.
no that is not right. It's wrong to wiggle out of taxes, that where not intended to be wiggled out of to begin with!
Why have any taxes if you don't what A WORKABLE SOCIETY? Why not just chaos then?
Why have any taxes if you don't what A WORKABLE SOCIETY? Why not just chaos then?
Basically, we pay taxes for a reason: paying for services we use. Congress have appropriated $175 billion to Ukraine in support of the war. Congress did not take it out of our taxes but put it on our tab. Is supporting Ukrainian war effort a service that you need?
I don't know about your area, yet there's a very real housing shortage. All because of the wealthy. They own whole housing tracks and rent them out as AIRBNB rentals and such.
We are a free market economy. You seem to believe that the wealthy is being irresponsible and need to be curbed.
DeWayfarer · 61-69, M
@sree251
We have taxes because of society needs taxes to even be a society. Anything else is chaos.
Even under the barter system there was a form of tax. One product for every 100 products sold went to the king. Or weights were used with similar ratios.
Hence the kings weight's and measures standards then.
Yes! Never in history has the top 20% made more than the bottom 80% combined.
It's now less than the top 1% making more than the bottom 99%. And this includes China's billionaires.
https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
Twice as much, it says. Others, just say combine. So I'm giving others some slack with that article.
We have taxes because of society needs taxes to even be a society. Anything else is chaos.
Even under the barter system there was a form of tax. One product for every 100 products sold went to the king. Or weights were used with similar ratios.
Hence the kings weight's and measures standards then.
We are a free market economy. You seem to believe that the wealthy is being irresponsible and need to be curbed.
Yes! Never in history has the top 20% made more than the bottom 80% combined.
It's now less than the top 1% making more than the bottom 99%. And this includes China's billionaires.
https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
Twice as much, it says. Others, just say combine. So I'm giving others some slack with that article.
sree251 · 41-45, M
@DeWayfarer
I understand the need for taxes. Do you know that all our taxes go to pay 1. healthcare, 2. social security, and 3. war? 1 and 2 have already been paid for by taxpayers thru payroll deductions. The government had spent all that money and is now using current taxes to cover social security and healthcare payouts. And why are we funding wars? Who is attacking us?
We have taxes because of society needs taxes to even be a society. Anything else is chaos.
I understand the need for taxes. Do you know that all our taxes go to pay 1. healthcare, 2. social security, and 3. war? 1 and 2 have already been paid for by taxpayers thru payroll deductions. The government had spent all that money and is now using current taxes to cover social security and healthcare payouts. And why are we funding wars? Who is attacking us?
DeWayfarer · 61-69, M
@sree251 all of that depends on the needs of the society. And the very wealthy barely pay any taxes AT ALL!
Not just percentage wise.
Not just percentage wise.