How does this make sense?

[88GT]

Let's see, property values have dropped about 30% since all "this" started. At least that's what they have been telling us. So... since property taxes are based on the appraised value of your property our property taxes should have gone down by 30%.

Assuming that wasn't sarcasm (even if it was, someone out there probably thinks this way), property taxes aren't based on your assessed value. Property taxes are based the amount required and tax rate. The tax rate is then applied to your individual assessed value, ensuring that you pay your share and only your share (theoretically). The logic above assumes an unchanging tax rate, which would translate into an inability to meet the required revenue. Not that I agree with the process, but that's how it works.

SUPPRISE... your property taxes are based on how many leeches there are on welfare, and how much the school corporations feel they want to take from you. Thank you Wayne Township, I have bottomless pockets.:rolleyes

I don't believe property taxes fund social welfare programs to any significant degree other than government schools.

The appraised value of my home actually went up. How that can happen on a home built in 1986 I have NO clue. So of course my taxes went up slightly. The 1% cap is a scam.

It's only a scam if you think it's meant to keep your taxes static. THe only purpose of the cap is to guarantee that you'll never pay more than a certain percentage of your assessed value thereby guaranteeing that you'll never be surprised by the bill the next time it comes.

Why would the age of your home prevent it from increasing in value?

 

[kevman65]

Personal property tax is not all that is on that statement. Your share of referendums voted in your area are also on that statement. Be they for schools, hospitals, public buildings, if your area voted for them then there they are. Learning to read it, who knows.

 

[TopDog]

Friday I got my propety taxes. My property went down in value 7%. My property taxes went down $4, which is not 7%.

Keep putting into the kitty and be silent. Somebody has to pay for all the Mexican anchor babies and its not going to be the Mexicans.

 

[BumpShadow]

Fail. You sir may be content with being bent over year after year as the .gov has it's way with you. I'm not into that, and apparently many others aren't either, so we voice our concerns about the legalized extortion that's been thrust upon us.

And yet you will still pay the taxes. Don't like the taxes and fee's that come with owning a car. Lose the car. No ones forcing you to drive. there's the bus, riding a bike, walking, or even a scooter. Or how about a horse a buggy?

Don't like paying property taxes, lose the home. Not sure what you would do then, squatting maybe?

My point being, people thoughout time have whined about taxes. About how "the man" has "no right" to tax. About how the rulers, or goverment, or whatever are squeezing to hard, blah, blah, blah. There have always been taxes, and there always will be taxes. Every goverment taxes it's people. If you were in charge, you would do it too.

Sure, it sucks. but so does anytime money leaves your hands. taxes, bills, even when you spend money on stuff you like. Well, tough, there's no such thing as a free lunch. Thats how capitalism works.

It's funny. Most of people here don't like Obama, hate socialism, hate communism, and what to pay down the debt without printing more money. But when Big Bother say's,"OK, only one option left. Pay up," it's always,"Wait a minute, don't use my money!"

"Make the rich pay." You know, most of "the rich" are rich because they took huge riskes that they didn't know if it would pay off or not. Sure, some had connections, others were born with it, and some just got plain lucky. But alot WORKED for it. And worked hard. They have earned their money.

Well, how we going to do then, genius? We're getting what we want, like it or not.

 

[88GT]

And yet you will still pay the taxes. Don't like the taxes and fee's that come with owning a car. Lose the car. No ones forcing you to drive. there's the bus, riding a bike, walking, or even a scooter. Or how about a horse a buggy?

Don't like paying property taxes, lose the home. Not sure what you would do then, squatting maybe?

My point being, people thoughout time have whined about taxes. About how "the man" has "no right" to tax. About how the rulers, or goverment, or whatever are squeezing to hard, blah, blah, blah. There have always been taxes, and there always will be taxes. Every goverment taxes it's people. If you were in charge, you would do it too.

Sure, it sucks. but so does anytime money leaves your hands. taxes, bills, even when you spend money on stuff you like. Well, tough, there's no such thing as a free lunch. Thats how capitalism works.

It's funny. Most of people here don't like Obama, hate socialism, hate communism, and what to pay down the debt without printing more money. But when Big Bother say's,"OK, only one option left. Pay up," it's always,"Wait a minute, don't use my money!"

"Make the rich pay." You know, most of "the rich" are rich because they took huge riskes that they didn't know if it would pay off or not. Sure, some had connections, others were born with it, and some just got plain lucky. But alot WORKED for it. And worked hard. They have earned their money.

Well, how we going to do then, genius? We're getting what we want, like it or not.

This isn't about the right to tax, the authority to tax, or the power to tax (or even the fallacious justification of such by arguing that it's always been done). This is about the use of tax effectively to strip a man of his most basic right to property. Without private property, there is no freedom, no liberty, no individual. It's not the act of taxing that is so wrong (though some here will take issue even with that, damn anarchists ), but the fact that what is being taxed is what makes us free. If they can tax what makes us free, can we really ever be free?

 

[firehawk1]

It's funny. Most of people here don't like Obama, hate socialism, hate communism, and what to pay down the debt without printing more money. But when Big Bother say's,"OK, only one option left. Pay up," it's always,"Wait a minute, don't use my money!"

Totally wrong mindset. You cannot pay down the debt by taxing people more. Never has worked and never will work. Increased taxes stifles investment/growth. You pay down the debt by lowering taxes, the "rich" begin investing their money, that creates jobs, and more people working increases tax revenues to the treasury. Problem is every time there is an increase in the revenue coming into the treasury it is never used to pay off the debt. They only come up with more programs to spend it on.

The only way to fix the problem is to cut taxes, and cut spending.

 

[dross]

Let's talk about a little thing called tax capacity. In the U.S., historically we've only ever been able to collect taxes at a rate of about 19%. That's the aggregate.

When taxes are raised, it hurts the economy and we only collect 19%. When taxes are cut, we still collect around 19%, but we're collecting from a bigger pie.

To paraphrase that famous wordsmith, George W. Bush, we've made the pie higher.

 

[BumpShadow]

This isn't about the right to tax, the authority to tax, or the power to tax (or even the fallacious justification of such by arguing that it's always been done). This is about the use of tax effectively to strip a man of his most basic right to property. Without private property, there is no freedom, no liberty, no individual. It's not the act of taxing that is so wrong (though some here will take issue even with that, damn anarchists ), but the fact that what is being taxed is what makes us free. If they can tax what makes us free, can we really ever be free?

If you got kicked out of your house the second you didn't pay your property taxes I might agree with you. But the IRS has always been willing to work with people to help them pay. Yes, if you simply refuse to pay, eventually you'll might be kicked out. What would be more likely is your wages will get garnished instead. People rarely if ever get kicked out of their houses for not paying property taxes. The goverment wants the money, not your home.

Totally wrong mindset. You cannot pay down the debt by taxing people more. Never has worked and never will work. Increased taxes stifles investment/growth. You pay down the debt by lowering taxes, the "rich" begin investing their money, that creates jobs, and more people working increases tax revenues to the treasury. Problem is every time there is an increase in the revenue coming into the treasury it is never used to pay off the debt. They only come up with more programs to spend it on.

The only way to fix the problem is to cut taxes, and cut spending.

You don't pay down the debt by cutting taxes, you pay down the debt by collecting taxes. Cutting taxes may give you a bigger collection base, but doesn't in and of itself pay down the debt. I'm not argueing the merit of cutting taxes, but this post is about paying some or all of the taxes at all. We need taxes to get out of debt, and most pay so little anyway it really isn't that big of a deal.

 

[eatsnopaste]

Totally wrong mindset. You cannot pay down the debt by taxing people more. Never has worked and never will work. Increased taxes stifles investment/growth. You pay down the debt by lowering taxes, the "rich" begin investing their money, that creates jobs, and more people working increases tax revenues to the treasury. Problem is every time there is an increase in the revenue coming into the treasury it is never used to pay off the debt. They only come up with more programs to spend it on.

The only way to fix the problem is to cut taxes, and cut spending.

So GE who paid NO taxes last year should be hiring and building like crazy...right?

 

[firehawk1]

So GE who paid NO taxes last year should be hiring and building like crazy...right?

No corporation/business pays taxes. They pass the taxes onto the consumer in the price of their products. The consumer/us are paying them for them.

 

[Hotdoger]

So GE who paid NO taxes last year should be hiring and building like crazy...right?

You bought the media koolaid.

GE did pay taxes.

Matching SS tax.
Matching Medicare tax.
Property taxs.
Business license taxs.
FUTA taxs.
State unemployment taxs.

and on and on.



Which were in turn passed on to the people that buy their products.

 

[Hotdoger]

I don't believe property taxes fund social welfare programs to any significant degree other than government schools.

County and City Health department health services are funded from property taxes.

Most all have clinics for indiegent care .

Also Township Poor Relief is funded from property taxes.

 

[dross]

So GE who paid NO taxes last year should be hiring and building like crazy...right?

It's not just the taxes themselves, it's the production energy that must go into managing them.

Most business make less than ten cents on the dollar in net profits. Our corporate tax rate, at 35%, would quickly drive any business out of business if they didn't devote substantial time and resources managing that potential killer. This also effects a company's bottom line.

Also, what one particular business does is not statistically significant.

In our little business this year, we almost got hit with a hefty tax bill that would have put us under. We had to hastily get with our accountant and do some quick moves or one of the little geese laying those golden eggs the spenders can't harvest fast enough would be gone.

As someone upthread said, the taxes in the end are just a fraudulent way of taxing citizens, anyway. Corporations don't pay them in the end, they're reflected in the price of goods and services.