Why is there such an antipathy to paying taxes? I mean that sincerely. I want and need services and expect to pay for them just as I work for revenue and I expect to be paid. I don't haggle with or nickel and dime every business trying to get them to take less for a desired product or service because I want the business to succeed and to be there for future needs. I shop carefully and thoughtfully, most of the time anyway, and pleased if I get a bargain for something I want.
I am trying to understand. I expect to pay taxes for the services that I receive. Do I use each one; no but I am grateful that each is available. What is the cause or trigger for such resistance? Is it the %age of one's income? Is it the lack of personal control over how taxes are spent? Is it the items or services taxed? Is it personal hoarding or greed? Is it fear of lack or theft by others?
Or, maybe it is just me being odd in being grateful and will ing to pay for all the amenities, services and life that my grandparents could not even dream about.
As Cicero said, “Gratitude is not only the greatest of virtues, but the parent of all the others.”
Well, for instance, I think charging me a tax on the "income" I receive from living in my own home is a bit past the point of reasonableness. Especially as I'm already paying property tax on the place, and sales/business taxes for materials and work done to maintain the place, and payroll taxes for any people I have working on the place independently. (Our local taxing authority is considering charging more tax for people whose front doors are painted certain colors, because apparently those are "worth more", which also seems silly. Adds about $6k to your valuation...)
I also sort of object to paying taxes for things that are pure madness, such as maintaining a military that is larger than most of the rest of the planet combined.
"Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein
ah! It is the $50,000 cliff that acted on my free life insurance from my job. I had $50,000 in coverage but no more
That explains why I had not noticed it.
Thanks.and catherine I can see why students would be surprised by that tuition tax.
I’m sure the good Nanny Gub taxmen will allow a house value below a certain number base number with no tax.I guess it’s a good thing we’re heading to Hermann where we will have $300,000 plus in a house is worth about $185,000.
My poor house now seems to be worth ~$2 million. I couldn't rent it for more than $3500/month. $42k/year income. $2 million invested at 5% yields $100k/year. I'm "losing" $58k/year by living in the home instead of buying boring stocks. Actually, with property taxes and insurance reckoned in, I'm losing more like $70k/year. I wonder if I can deduct that imputed loss against my real income?
With the current housing market here, I can't even sell it and downsize, as there's nothing on the market.
The New York Times surprised me when they editorialized in favor of eliminating the SALT deduction entirely.
As Cicero said, “Gratitude is not only the greatest of virtues, but the parent of all the others.”
I've thought municipalities that operate various functions from property tax revenue are going to be flush with new money to spend or squander.
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