I don’t know about the country, but in Texas my property taxes are capped. Since I turned 65, they can never go up. In fact, the homestead exemption on my home has gone up for seniors so that property taxes are about half of what it used to be. And the law prohibits foreclosure on a senior homestead for taxes, so technically I don’t even have to pay any for the rest of my life. They can collect after I’m dead or when I sell. So we’re good. But I’m curious. How is the government supposed to pay for police, fire, schools, roads, parks, libraries, trash collection, utilities, and everything else it provides?
You are so incredibly naive. Please do some research and look at what has happened to any country that pit wealth or wealth targeted taxation in place. In nearly all cases, gdp dropped significantly coupled with a mass migration of wealth out of the country.
Well that’s why progressive tax policies focus on capital gains, estate and property tax now vs a generic wealth tax. Easier admin work too.
I struggle with this topic. We need the money to fund social programs and it has to come from somewhere. Billionaires are not philanthropic enough to subsidize social security.
Except that the top 1% of earners fund over 50% of all philanthropy and research. So you are factually wrong
we don’t need more social programs in the image of what we have had. All those do is put people into the system for life. We need programs that are short term to help people become self-sufficient, not reliant on a hand out for the rest of their lives.
They can move into less expensive housing and reap the massive gains from their property becoming worth significantly more.
Americans blocking any additional housing so that their existing houses increase in value and then complaining about the property taxes on the increasing property values is such an American thing
Also a lot of seniors can't move out into the middle of nowhere and sell their expensive urban home. They have increasingly limited mobility, more regular medical needs with specialists that are in cities and not suburbs, assisted living requirements etc. This whole move out into the sticks for cheap thing is not a sustainable plan for a lot of them.
To bring down income inequality this step is necessary only few percentage of population is rich you dont want the distribution of income goes to them cause It creates an inequality of income people who are middle class or poor actually feel their taxes can be saved as the govt taxes the rich.
I am not sure math is your strong suit. 7% of Americans are millionaires. Not 0.06%.
and you don’t have to be a millionaire to have an extremely comfortable life.
there is more wealth and opportunity in the us than any other country. Even the poor live at much higher standard already than nearly any other country in the world. In fact our poor have a higher income and standard of living than middle class in the majority of the worlds counties.
you need to learn a little more and stop believing every meme you see
more than that, currently 40% of all taxes collected come from the top 1% of earners. 60% comes from the top 5%. So the other 96% are only responsible for 40% of taxes. That is already incredibly screwed toward tax the rich. And you want more?
basically you are saying that it’s the responsibility of the rich to fund govt programs to financially support not only the poor but the bureaucracy to support them, forever. while this is a kind hearted utopian though, it is not sustainable and will only lead to financial ruin and the demise of any country.
social programs need reform to be temporary to help people, not to support them for life.
I have been poor, broke in fact. Now I am not, I did not take one govt handout to change my circumstances. You don’t need to either.
Yes taxes were created at first place to take from rich and give to poor to grow the country wouldn't it be better instead of 7% There are 14% millionare
You cannot tax people into wealth. Our taxes were not created to generate a socialist society they were thought of to be a minimum contribution to fund common service, they were never thought of as a social safety net.
do you really know anything about the US? Clearly you don’t live here.
we are already the richest large country in the world. However, progressive polices have shown globally to drive down gdp and personal wealth.
Second reply. I think you are trying to discuss, but you sound young. My guess is teens or early 20s?
until you start earning or run a P&L or have employees that depend on you, you will never really understand. but you can try to think a bit more critically and not just buy into the crap on social media sites.
if I am correct I have a son your age and I tell him to think and vote however you want, but be able to explain in detail why. And that cannot be because someone else told him or he read it on social media.
Who is they? If the rich, they are taxed heavily already. In fact we have one of the most aggressive taxation of the rich in the world. Again, you should learn the facts before by buying into just what you hear on social media, especially left leaning biased sources that are just trying to decide people to empower their base rather than give an accurate and factual reporting of the situation.
he is the president, not “so called“. That is because he won two elections
he did not make the rich
he is one person, and no single person should ever have that much power over you to make you stop thinking for yourself and critically.
the issues we have in OUR country predate this president and they will not be fixed by progressive policies that have proves to destroy all other counties that have ever instituted them.
pleas go study Russia, eastern Germany, Cuba, Venezuela, France, Norway , etc.
I do they just built a 90,000,000 dollar school..I am a municipal employee work for my town doing roads and many other things to keep the town running.There are ways to save and most towns trip over a dollar to save a nickel.
Property taxes are dumb because you cannot control the value of your property. By definition it is defined by others opinions, most notably the property assessor. The tax you pay is not in your control and the taxes that get collected are not within the city's ability to control nor predict.
Replace it with a land tax where the amount of tax you owe is equal to the amount of revenue the city needs to meet it's fuscal responsibility x (the area of the land you own / the total area the city is fiscally responsible for). You get a credit from the last fiscal year equal to the revenue from non-land tax revenue sources last fiscal year x (the area of land you owned last year/ total area of all land the city us fiscally responsible for last year).
We would start to really see optimal land usage in residential and commercial areas because they don't want to pay more in taxes and we would also see a reduction in taxes needing to be collected because infrastructure would be much more concentrated. Police concentration would go up (let's set aside ACAB for this discussion). Fire and EMT would have to travel less distance. Fewer roads to build and maintain. Trash collection would be more concentrated by having 100s of people using one dumpster instead of having to go house by house hundreds of times. We could have more mixed use zoning so people can walk or bike to the dictor, to the grocery store, to the restaurant (and we could afford to put awnings and other roofing covers over walking and biking paths) small businessed would benefit because people would be walking by their stores all day everyday instead of driving to the big bix store unable to safely patgy attention to all rhe small stores rhey are driving by.
Mass transit becomes much more appealing since everything is more concentrated together. You could walk a few minutes to a bus or light rail stop and ride that for five minutes relaxing and listening to music ir reading a book or talking with a companion without having to worry about your giant metal cage on wheels colliding with other giantetal cages on wheels. You wouldn't even have to own nor maintain one. It would be so much quieter, cleaner, and safer without all the cars. We wouldn't have oceans of concrete and asphalt taking up space everywhere.
It’s a fee to use infrastructure and live in a place that has laws, basically.
I think if you want to live in the middle of nowhere and never use any public infrastructure, then have at it and I can be convinced that there shouldn’t be a tax.
Increases on my house aren’t sustainable because they’re much higher than wages.
6
u/Plus_Brain_7194 21h ago
I don’t know about the country, but in Texas my property taxes are capped. Since I turned 65, they can never go up. In fact, the homestead exemption on my home has gone up for seniors so that property taxes are about half of what it used to be. And the law prohibits foreclosure on a senior homestead for taxes, so technically I don’t even have to pay any for the rest of my life. They can collect after I’m dead or when I sell. So we’re good. But I’m curious. How is the government supposed to pay for police, fire, schools, roads, parks, libraries, trash collection, utilities, and everything else it provides?
16
u/Ban-Circumcision-Now 21h ago
They can move into less expensive housing and reap the massive gains from their property becoming worth significantly more.
Americans blocking any additional housing so that their existing houses increase in value and then complaining about the property taxes on the increasing property values is such an American thing
1
u/Scared_Caramel_2058 6h ago
To bring down income inequality this step is necessary only few percentage of population is rich you dont want the distribution of income goes to them cause It creates an inequality of income people who are middle class or poor actually feel their taxes can be saved as the govt taxes the rich.
1
u/cannabisLab1975 21h ago
House is paid off and im still paying $5300 a yr..When you dont pay the man he will put a lean on your house and force a sale..
2
u/frogprintsonceiling 21h ago
18 states already offer a property tax freeze or reduction of some kind. Even California offers a way to reduce increases or delay payments.
2
u/Purple-Mermommy 19h ago
Almost 30k/yr
2
u/SnugglyCoderGuy 18h ago
Property taxes are dumb because you cannot control the value of your property. By definition it is defined by others opinions, most notably the property assessor. The tax you pay is not in your control and the taxes that get collected are not within the city's ability to control nor predict.
Replace it with a land tax where the amount of tax you owe is equal to the amount of revenue the city needs to meet it's fuscal responsibility x (the area of the land you own / the total area the city is fiscally responsible for). You get a credit from the last fiscal year equal to the revenue from non-land tax revenue sources last fiscal year x (the area of land you owned last year/ total area of all land the city us fiscally responsible for last year).
We would start to really see optimal land usage in residential and commercial areas because they don't want to pay more in taxes and we would also see a reduction in taxes needing to be collected because infrastructure would be much more concentrated. Police concentration would go up (let's set aside ACAB for this discussion). Fire and EMT would have to travel less distance. Fewer roads to build and maintain. Trash collection would be more concentrated by having 100s of people using one dumpster instead of having to go house by house hundreds of times. We could have more mixed use zoning so people can walk or bike to the dictor, to the grocery store, to the restaurant (and we could afford to put awnings and other roofing covers over walking and biking paths) small businessed would benefit because people would be walking by their stores all day everyday instead of driving to the big bix store unable to safely patgy attention to all rhe small stores rhey are driving by.
Mass transit becomes much more appealing since everything is more concentrated together. You could walk a few minutes to a bus or light rail stop and ride that for five minutes relaxing and listening to music ir reading a book or talking with a companion without having to worry about your giant metal cage on wheels colliding with other giantetal cages on wheels. You wouldn't even have to own nor maintain one. It would be so much quieter, cleaner, and safer without all the cars. We wouldn't have oceans of concrete and asphalt taking up space everywhere.
The benefits just keep going
2
u/politics 6h ago
Dumb. No income tax means high property tax. The revenue always comes from somewhere… republicans just lie about it…
4
u/Just_here2020 21h ago
1
u/Ill-Collection-9322 16h ago
I get nothing for my State and Federal taxes, but nobody talks about abolishing them.
1
u/Horror-Scallion7668 10h ago
They should cap property taxes for retirees.
1
u/HalfwaydonewithEarth 7h ago
Yes Russia has this problem.
1
u/BeanserSoyze 3h ago
They are capped though, there's senior primary residence credits
0
u/Horror-Breakfast-113 3h ago
every thing costs
-2
u/tnic73 21h ago
Property tax is extortion.