Originally posted by RiverRat1
View Post
Announcement
Collapse
No announcement yet.
Sales Tax vs Property Taxes
Collapse
X
-
Originally posted by CTR0022 View PostThe problem i see with consumption tax, is everyone would just start buying/ordering what they need (non perishables) from states with a lower tax rate.
Would be no different than buying from places like Amazon now. You still pay Texas sales tax.
Sent from my iPhone using Tapatalk Pro
Comment
-
at and 8% sales tax rate and that sales tax being applied to everything i bought (no exemptions). i would have to buy about $800,000 in taxable consumer goods to make up the difference if property taxes were eliminated.
would land and home sales become sales taxed under the fair\consumption tax while doing away with property taxes?
Comment
-
Property tax is the worth thing about Texas. It’s bull **** to the 1000th degree. Like mentioned already you never own your home in Tx. You can and many have been taxed out of their homes in Tx and it seems like there is no stopping these taxing entities from doing as they please. That’s one reason why people who don’t own anything should not be allowed to vote on propositions that will raise property taxes.
No one should be paying more than 5 k in property tax and the taxing entities need to learn to spend wisely
Comment
-
I saw some guys complaining on another forum about $1000/year property taxes on each vehicle and boat they own. I believe they were in South Carolina. Thank goodness we don’t have that level of taxation here.
As for the Property vs. Sales Tax, I’m a fan of the sales tax over the current system. But don’t see it changing. Hard to change the take it from him and give it to me system when they take it from everyone in a consumptive tax environment. In addition, Politicians loose power when they can can’t offer tax breaks or loopholes. I believe that will keep a consumption tax from ever seeing the light of day.
Comment
-
Originally posted by HOOKNBULLET2 View PostI saw some guys complaining on another forum about $1000/year property taxes on each vehicle and boat they own. I believe they were in South Carolina. Thank goodness we don’t have that level of taxation here.
As for the Property vs. Sales Tax, I’m a fan of the sales tax over the current system. But don’t see it changing. Hard to change the take it from him and give it to me system when they take it from everyone in a consumptive tax environment. In addition, Politicians loose power when they can can’t offer tax breaks or loopholes. I believe that will keep a consumption tax from ever seeing the light of day.
Comment
-
Originally posted by flywise View PostProperty tax is the worth thing about Texas. It’s bull **** to the 1000th degree. Like mentioned already you never own your home in Tx. You can and many have been taxed out of their homes in Tx and it seems like there is no stopping these taxing entities from doing as they please. That’s one reason why people who don’t own anything should not be allowed to vote on propositions that will raise property taxes.
No one should be paying more than 5 k in property tax and the taxing entities need to learn to spend wisely
I don't get the used car tax. Every time a car changes hands they get to re-tax it. That's flat robbery.
Comment
-
Originally posted by RiverRat1 View PostAt the very least when you buy a house or land the value it's worth at that time should be what you're taxed on as long as you own it.
I don't get the used car tax. Every time a car changes hands they get to re-tax it. That's flat robbery.
Comment
-
Originally posted by RiverRat1 View PostAt the very least when you buy a house or land the value it's worth at that time should be what you're taxed on as long as you own it.
I don't get the used car tax. Every time a car changes hands they get to re-tax it. That's flat robbery.
Comment
Comment