Diesel8

In California you couldn't buy a closet for that.

Oh, and get this, my property taxes are 7K on a purchase price of 650K (10 years ago)

Your tax rate is WAY higher than mine, and I b*tch about mine.

AAfng

In ohio I pay $6500 on a 240k house, complete rip

Name User

So you read the article (and the next one I posted) but dismissed the actual part that spoke about how much tax is paid? Why?

I can't tell if you are serious about this. Clearly you are intelligent as you have managed to get to this level, and we don't have dummies. Where did your logical reasoning go?

guppie

Bottom line. You’re paying 130% more than me. Why would I b*tch? 😁

atpcliff

The high tax states receive less from the Federal Govt than they pay in.
The lowest tax states get the most form the Federal Govt. For example, Wyoming receives the most per resident from the Federal Govt, relative to how much they paid in...

atpcliff

My buddy bought a house in 2016, in a nice little town in Minnesota, between The Cities and Duluth. It is small, and needed roof work. 2BR/1Bath, 1200 sq ft. $16,000. The first year of rent paid for half of the house.

atpcliff

They need to burn down the Federal Tax System.

My first choice is a VAT, with an additional tax on the wealthy based on Net Worth.
My second choice is a National Sales Tax (exclusions for food, clothing, medicine, utilities, child care), with an additional tax on the wealthy based on Net Worth.
My third choice is a Flat Tax (NOT income) based on ALL MONIES RECEIVED, with an additional tax on the wealthy based on Net Worth.

If we can't do our taxes ourselves, on a postcard, we are DOING IT WRONG!!!

I am sick and tired of our current system. We are paying about 25% income tax, while thousands, if not more, of people who make WAY MORE THAN ME are paying WAY LESS than 25%.

If we JUST did a flat income tax of 25%, our deficit would be over and we would have money to start Making America Great Again, by doing things like making our transportation infrastructure #1 on Our Earth, like it used to be.

Bluesideup1

I love it when people think that if we tax the wealthy that the deficit would disappear.

First a couple little facts. If we taxed everyone who made more than a million dollars a year 100% it would only fund the government for 4 months.

Second there is almost no one that makes more than you pays less in taxes than you. Even the famous quote by Warren Buffet who said "I paid less of a percentage of tax than my secretary" doesn't take into account what he paid in taxes to first fund the investments he is now living off of. For example you will be living off your investments such as 401k, IRA, roth, etc. I am sure you don't want the government taxing money at the same rate they already taxed it before it went in now do you?

Third is the French tried to raise the Taxes on their wealthy and it hasn't gone as well as they thought. It brought in a lot less than they accounted for and each year it fell to the point that they were going to lose money as the rich left the country and no one with money was coming in. Needless to say they stopped the program only a couple years after implementing it.

Even the saying of lets tax the rich extra is asinine as the top 10 percent of the wage earners already pay 70% of the taxes. With the top 50% paying 97% of the taxes while half of America only pays 3% of the taxes.

Fourth even if we did raise the taxes on the rich and in some perfect universe it brought in a lot more cash the politicians would only spend more as not very many Republicans and no Democrats give a rats ass about lowering the deficit.

Just look at AOC massive increase in taxes to pay not for the deficit but for massive increases in government spending. Her plan was even endorsed by a most of the Democratic front runners for president.

So, please stop with the tax the rich because that only works until it runs out of rich people money and then you become the "rich" that needs to be taxed before it all falls apart and there is no one rich or poor left to tax.

Diesel8

3/115=.026

7/650=.010

You pay way more on assessed value than I do!

You win!

Of course maybe your State does not have State Income Tax or Sales Tax. In any case government gets their pound of flesh by hook or by crook.

It all stinks.

JamesNoBrakes

This idea has always fascinated me, that if you tax the rich, somehow they loose the will to work harder and earn more money. It's not that the ultimate amount that is limited, but you have to work harder to get it, but then all of a sudden you also expect the poor people to work hard and earn more money, so somehow poor people are supposed to work harder and earn more money, but rich people cannot find the will to work harder?

I'm in favor of some kind of balance, nothing too extreme, but again, this idea that if you tax at rates above 33-40%, the rich suddenly lose the will to work and will not work any harder to earn more money? Just seems so crazy to me...