The Property Tax Scandal in The US
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- Опубликовано: 10 дек 2011
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PUBLISHED ON OCTOBER 16, 2011
Local governments in the US (cities, towns and villages) rely chiefly on property taxes to fund their activities (public education, police, fire protection, etc.). However not all property is taxed: only land, buildings, automobiles and a few other items of "real" or "tangible" property is actually taxed. The kind of property that is UNTAXED in the US is "intangible" property: chiefly that property in the form of stocks and bonds. No level of government taxes that property. As that kind of property is owned chiefly by the richest among us, exempting intangible property from taxation is a gross bias toward the rich in our system: a scandal always and a special scandal in a time of service and employment cutbacks by cities and towns claiming they "have no money."
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I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
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SONYA LEE MITCHELL is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
It's wrong to call it property tax. It is rent to the state. If they can take it away for non payment, you don't own it.
Grow up. "Taxation is the price of civilization." Justice Oliver Wendell Holmes
@@frequentlycynical642 taxes didn't exist the way they do today before the Federal Reserve.
@@BillyBob-fh5he The federal government was funding almost totally by tariffs. Local governments mostly by property taxes. Today we would add sales tax and sometimes income tax to the mix.
Things change. You ever notice that?
@@postitdude1 so you are saying its ok to get punished for paying off property that you have purchased? Its called greed
@@bparker4522 I agree. People buy houses to escape rent only to be hit with property taxes. We need to get rid of this shit
Property tax creates more homeless and derelict properties
@Corpsefoot Gaming For starters, if you buy a house today, and 50 years from now you want to give it to your children, you have to legally sell the house to them at market value and charge interest. If you don't sell it market value, then the IRS will consider it a gift and force your kids to pay a gift tax. Just goes to show how the government and the IRS are making up laws to make sure people are always poor and broke.
@@spirittammyk You can give your house to anyone after your death and they don't have to pay.
@@spirittammyk ...the USSA marches on
The fact that I can never own my house really discouraged me from buying...
Same here...seems strange to me.
Live out of car or an rv/ mobile home
@@louisemcdaid3962 do you have to park in special designated places?
It's evil and unamerican. Its not a tax it's rent. I feel sick about it. I so deeply want to truly own my own home.
@@momsberettas9576 you know, there are people that will fight you and say that you should pay taxes until you die... Even if you are sick and can't work
It isn't property if you have a yearly tax. It is rent.
Grow up. Stop listening to libertarians. We need government and we get by paying taxes.
@@frequentlycynical642 The crazy kook you're seeing in the video isn't a libertarian; he's a socialist. Also, I don't recall taxes ever putting food on your table.
Exactly!
@@Oshow722 Good god. You are an idiot. As Justice Oliver Wendell Holmes said a hundred years ago, "Taxes are the price of civiliation." And, FYI, a lot of our taxes do put food on the tables of government employees, the military, and contractors.
At one time I owned a 1/3 acre of unimproved property in north Idaho that was in an allodium. In other words it was free and clear of being taxed and had been this way since the beginning of time. When the local tax assessor discovered this he put it on the tax rolls. He did this without notifying me and with giving me any recourse. This was outright theft.
I think there´s a process where you can get it back, due to the fraud.
Any update?
Did you sort this out?
Ridiculous!!
Criminal!
I've never liked the idea of paying tax on something I already own. You buy a car and you pay an excise tax, then you pay a second tax annually. It's totally obscene. If you don't pay, they can take your car or house, it's extortion. This proves government is corrupt.
Let's fight back. Hit me up.
Govt grifting operations.
@@somebody700 🐑🐑🐑
Allodial Title. That's how you truly own.
No taxes.
You Need to get what's called an
"ALLODIAL TITLE"
Property is owned by the society which occupies it. You want to have exclusive rights to land in our country, to extract wealth and value? Sometimes to the detriment of the air, or surrounding land, or the land itself… you pay for that privilege.
Even Friedman believed the property tax (at least the land value tax)is the most efficient and fair form of taxation. It promotes land use efficiency and productivity, disincentivizing hoarding or speculating.
The scam is not that stocks and bonds aren't taxed, but that personal property is taxed.
Richard,-We do not own property at first place,Property belongs to whom who make profit as form of property tax or rent .We as homeowner do not make profit out of our houses. Seems city owns the property and collects perpetual income with no limit at all in sight.
Shot em and piss on them
Well said.
Solution? Lawsuit?
So how do we fight this corporate tyranny? How do we send the message that we do not assent nor consent to their presumptions! It is fraud plain and simple the whole property tax scandal because only corporations can be taxed.
They have us listed as a business. Yes A residence is a business.
We thought that the word residence meant residents you know and oh boy the homestead exemption oh there you go, that's how they sucker you in. They have all these hidden snares that put you in verbal contracts but if we were not pretty to all the facts that were not laid out on the table then we cannot be held accountable because we simply did not know. They have railroaded us for years and it's time to rise up and take back the power!
I've always thought about this and wanted to know. The way I see it is. Once your property is payed in full. You shouldnt have to pay out your money to anyone because you rightfully own it. Example: if you go into a clothing store and you buy a pair of Jean's. You buy them payed in full and that's it you dont keep paying for these Jean's every year. So why do we have to do it on what's already ours. Our homes and property. The most expensive thing we own we have to keep paying on them for ever. It's all bullshit
Well said, well said property tax is very unconstitutional though.
This is not the plan that our forefathers drafted when they framed the Constitution..
Taxes were for merchants okay and nothing supersedes the Constitution.
Marbury versus Madison is case law where the supreme Court made it implicitly clear that any state law code mandate or policy that went against the Constitution was null and void.
They list us as a corporation so I said I would pay my property taxes conditionally if they could show me where I can send it to contract with these for profit entities known as the state there's no valid contract with my signature so they must own me which they don't so they are operating fraudulently. Selling tax deeds out of thin air is securities fraud and the Constitution secures our rights. We have to rise up!
The constitution is extremely outdated.
End all property tax
Frank, that is a really good idea, it would be very much like what I was thinking, a mortgage tax. When a person takes out a mortgage they would have to pay a sales tax on that mortgage. Just think of how much money our country would save if we could get rid of the tax accessors offices. The sales tax offices would take care of this mortgage tax. We would save billions and have, probably, hundred of thousands of people less in our government. Let the tax accessors go out and make an honest living for a change. That is a good idea Frank, I appreciate your comments. Have a nice day. C. Jeff Dyrek
End all government. It's a fiction anyway.
Property tax is likely one of the most important taxes you pay. It pays for the things that most effect your day to day life. It is based on the size of your property, the value of your home, the more you can afford the tax, the more you pay.
Yup and that's inconsistent with equality because none of us should have to pay any more than anyone else for the same government services. However, Americans need to understand that their right to own real property, as with many others, has been STOLEN from them via FRAUD and DECEIT and they canNOT "own" real property in America (Texas may be an exception, not 100% sure). They can only RENT it from the government and that's how the government USURPED our right to own real property and justify charging us taxes/fees for exercise of what was supposed to be a "right". But, there's Supreme Court precedent that says when a law destroys or substantially diminishes a right, it's unconstitutional and, therefore, unlawful and NOT "law" but "color of law." Hmmmmmm??????!!!!!!!
@rita kempton throw them in prison so they can fuck each other, lose the cell block keys
I am sick of these racist privileged as whores
I think when you are retired and living on a fixed income you shouldn't have to pay taxes on your land and your house anymore, you shouldn't have to pay school taxes either. You've paid those taxes for 30 or more years and you should be left alone to enjoy your retirement with dignity. That way Americans won't have to pack up and move to where it's "cheap" to live after taking a lifetime to pay off their home and when your health goes downhill you'll have the money to pay the medical bills or have the money to get good insurance so you don't have any copays or deductibles.
Well said. this is the truth.
+Michael Davidson Nobody should have to pay health insurance or medical bills at all. They don't in other countries. I've never had to pay for either of these things in my life - the only people I know who have, are Americans.
+Nick Taylor Someone has to pay for it. The government can't give you something that it didn't first take from someone else.
+Joe Monroe We all contribute to varying degrees, we all benefit to varying degrees.
The libertarian take on tax is infantile. We all contribute because societies with healthy levels of social spending... with decent hospitals and schools and roads etc, are better societies than those where everyone has to fend for themselves - at the mercy of sociopathic corporations - who have created all this "anti-tax" propaganda - this framework that libertarians "rebel within". Libertarianism is a self-defeating inside-the-box rebellion.
Fuck "theory". I'm interested in what actually happens... what actually works - and I've been around and seen enough to know from first-hand experience (in multiple countries, across multiple decades), that the people with the most freedom... in actual, real, measurable terms, are people from societies with healthy levels of social spending.
The American healthcare system is a tragedy. It clearly, measurably doesn't work - but nothing can be done about it because corporations have been allowed to buy politicians.
The reality is that it hasn't worked. Trillions of dollars of stolen money from workers has only created more people sucking off of others.
We keep talking about property tax when it is an unconstitutional, Illegal (Extortion) and very discriminatory tax. Why are we so worried about giving aid to refugees in another country when we are taking homes from people who served our country and spent their lives paying for the very best social security, their home ownership.
Property tax is Unconstitutional because it denies our rights to Life ( having a place to live ) Liberty ( the Liberty of property ownership ) and the Pursuit of Happiness ( we spend our whole life paying for the property, raising our children there, bury our pets there, and enjoy making improvements).
Property Tax is Unconstitutional because it is against the Eminent Domain Laws which state that the property must be taken for a public purpose, used for a public purpose, go to the public domain, and that the owner must be justly compensated.
Property Tax is Unconstitutional because it's process denies our rights to Due Process of the Law. The owner has no say on the price of the taxes and when the property is taken away, the final Take Notice on the property clearly states that the owner can attend the hearing, but cannot redeem the property at that time.
Property Tax is Illegal because it fits the exact definition of Extortion; Exactly.
Property Tax is Illegal because it fits the exact definition of Theft.
Property Tax is Discriminatory because it only discriminates against people who are disabled, who lose their jobs, who have excessive medical bills, or farmers who lose their crops.
We the People who built this Country, Paid for their Homes, Fought foreign enemies to keep our land from being taken by them and We the People are the people who are losing our property in favor of giving refugees a place to live. It's not right in any sense. Anyone who signs a Property Tax Notice should be Arrested. Any Governor who supports the Property Tax should be impeached then imprisoned. We own our property, not you. It's our right to own property without being harassed. We the People have the right to secure our futures by the way of property ownership.
Instead, why don't we have an Internet Tax as former Illinois Governor Pat Quinn introduced and passed a bill to do to protect small businesses in Illinois. Big Corporations are not paying sales tax and they are pushing mom and pop businesses out of business.
When we have a system that is against the people, we have a system that is against the United States and Property Tax is against anyone who spends their life, as we were taught, to buy property to make sure that when everything else breaks down, they still have a place to live. Yet our governments spend millions of dollars on High School Football Stadiums and Millions buying and paying for the electric to run Stadium Lighting, which is extremely expensive. For example, the cost of a single night of running football stadium lighting will pay a whole years taxes for the average home owner.
The big cities who had hyper housing price inflation also had hyper Property Tax Inflation pushing hard working citizens out of their homes.
Property Tax is Anti American, Unconstitutional, Illegal, and Discriminatory. It is Wrong.
C. Jeff Dyrek, Disabled Vet, Property Tax Victim. I served my country.
Jeffrey Dyrek I completely agree with you
Jeffrey Dyrek
I've been basically saying the same thing since I first thought of buying property at around 18. Once when I spoke up about the stupidity of having to buy the property and then pay a tax for life on it just for the privilege of owning it. lol
*+Jeffery* *Dyrek* - Taxes are simply the Price of Admission into any civil society. Everyone who enjoys any of the benefits of living in a civil society must pay their fair share of Taxes needed to maintain and care for the society. Yours and My middle class taxes (income tax, property tax, sales tax, etc) are too high because the *"1%",* (aka: the greedy corrupt Billionaires and their bought/owned politicians) are only paying a tiny fraction of their fair share of Our Nation's taxes. If They don't pay Their fair share, guess who has to pay? Look in the mirror.
If you wish to change this corrupt situation, You and Me and others must get informed, get organized and get active. Go to Bernie Sanders' website to learn more.
Our tax laws are corrupt because greedy corrupt Billionaires and Millionaires and their powerful corporations have Lobbied (bribed) our Representatives to do what is good for the *"1%"* all at the expense of the rest of Us, *("the* *99%").*
Here's one example:
*Inheritance* *Tax* *Is* *Good* *For* *America!*
- Even a moron can understand that Taxes are simply the price of admission into any civil society!
Also, Winning the Lottery does not magically entitle You to shirk your patriotic civic duty to pay your fair share of Tax money needed to maintain Our Great Country. And I certainly don't want to get stuck paying for any Lottery Winner's share of Taxes, even if they use corrupt Lobbyist tricks to make it appear "legal" and corruptly avoid paying their fair share of Our Nation's taxes.
** *Inheriting* a fortune is Not ( *NOT!* ) *"EARNING"* ANYthing; inheriting a fortune is nothing more than winning the genetic Lottery. Why should some self entitled snotty rich brats who win the lottery (inherit) get a Free Ride at EVERYONE else's expense and be allowed to skip paying their share of Our Nation's taxes???
Modem Mark What makes you think you deserve half of what my parents left me when they died? You fuckin piece of shit. You're asking for a civil war in the country. It will end very badly for you and your ilk. Fuckin Bernie fans.
*+onesilentarrow* - LOL! *Awww,* *you* *poooooor* *baby.* So, now you won't be able to pay All Cash for your second mansion or your third yacht? Awww, poooooor yooouuu. So-o-o-o sad. I think everyone in the middle class is crying for you now, LOL!
Onesilentarrow, if your parents raised an unpatriotic greedy little self entitled monster like YOU, then I am glad that YOU finally got taxed fairly. If you are saying that "half of what [your] parents left to *[You]"* went to the inheritance tax, and because the inheritance tax only effects estates worth MORE THAN $5,400,000.00 (that's MORE THAN Five Million, Four Hundred Thousand Dollars!!!!!) and then at only 40% of that which is ABOVE Five Million,Four Hundred Thousand Dollars (LOL!!! you poor baby) so then You are saying that Your *Parent's* Estate (not yours) was worth OVER Twelve MILLION Dollars??? And so now You only have a miserable Six Million Dollars to live on? Oh! No! You might starve to death, LOL!!! Or, maybe YOU could get a J-O-B !!!!
Hearing your sad story makes me want to cry bitter tears of sadness for you. LOL!!!
On behalf of the entire hard working American Middle Class, I say:
*FUCK* *YOU!!!*
"Property tax" is a misnomer. A lawful "tax" cannot threaten, encumber, or transfer property. The sole purpose of lawful government being the protection of the property of each individual consisting of their life, liberty and possessions, it cannot be supported by a method that harms property it is to protect. A "property tax" transfers the ownership of the property from the original owner to the state the moment that it is imposed. The "tax" becomes a rent paid from the tenant or renter to the owner.
Most people think the state seizes your property if you can't pay the "property tax," but in reality, the property is seized upon the levy of the "property tax." The new State owner merely evicts the tenant if they cannot pay the rent.
The so-called "property tax" is confiscation of the property of the people by the state and alters the relationship of the people to the state. In the beginning of the USA it was understood that the people owned the property and created the state for the protection of their property. Now the state owns all the property and the people exist to protect the state and its property. The people have become property of the state. Nothing is more evil than the so-called "property tax."
Further, the evil and the scandal of "property tax" is not that it is imposed unequally or only upon some property and that some properties and entities are excused or exempt, but that it is imposed at all on any property whatsoever.
Hi Ronald Avery. You pay the required taxes in order for the government to pay me my monthly welfare benefits. I'm an artist, but I do not make enough money for the life style that I deserve. I also have to take care of my children from my 5 baby mommas that I impregnated. Who's gonna pay for my children to live and go to school, not me cause I do not make enough as an artist. You rich people making over $65k/yr owe my children good food and an education, from kindergarten to all the way through university. College should be free. I wants all of my children to get a university degrees.
It appears that you know more than almost everyone else, about the subject. Most people don't know that they're not free; slaves are not allowed to own property.
Hi mrearly2. You rich people making over $55k/yr needs to share your wealth with me as a result of the income inequality. My many children needs free food, free apartment for shelter, free healthcare, and free education up until university. I'm just a poor artist who can't even support my children because of the capitalist system.
Very well said very well spoken you are very knowledgeable I wish I had your intelligence on the situation
@@littlegayfairy We're talking about people who make millions of dollars a year who have funneled all of the economic growth to themselves while the average American has been stagnant for decades.
Life is chaotic and not everything is in your control.
One day life is amazing, the next, you have lost your job due to an economic downturn, lost your car, diagnosed with cancer, and we have no safety net because it has all gone to the most wealthy among us rather than being distributed fairly.
It's a systemic issue, most poor people would never choose to be poor, which honestly includes everyone reading this if you are not making millions like how so many are at the top with our work.
There should be no property tax at all, if I have to pay property tax on my home than I don't really own my property I am just renting it from the government, but unlike a rental i have to pay for all repair and upkeep myself and still pay the government.
Mr Hallman welcome to American freedom 😉🇺🇸 you will be free when you die
Not to mention in some places property taxes can cost as much as fucking rent
Mr Hallman you are so correct
Mr Hallman. This is exactly how the Watchtower Society has became muti billionaires the Jehovah WITNESSES BUY the property, pay the taxes the upkeep maintenance utilities then whenever the Watchtower Society (Global Society) needs money to pay off sex abuse victims they just sell the property. THEY are listed as having ownership on the property deed not the congregations that worked donated to them every Sunday also for decades. THEY are a secret little Zionist Free mason ran
Little copycat gov/bank all their own. Except they are allowed to rip human rights from their unknowing flock and have human sacrifice out in the open. And all the while stay TAX EXEMPT!!!!! Now they moved their headquarters to up state To Wallkill instead of New York City. Trumps son in law just bought some of their property.
Mr Hallman exactly
Not only that, but now more cities are adding an "assessment " to already high propery taxes. If they put a new road in front of your home, they add an assessment to your property tax that you are required to pay even if you didn't ask for the road.. It can be a large amount, and with little or no notice.
And unlike regular property tax where you can file for a refund if your income was low enough, assessments are not eligible for any such refund. Even retired or disabled people have to pay them, although they may qualify for a delay in payment, they still have to be paid. I just think it's wrong. It has the potential to tax people out of their homes .
Eles e que vão pagar tudo se não será excutado e sentenciados a morte,☠️#
They do want us to own nothing if we are lucky to not be depopulated and live in the 15 min prison city, eating bugs
The federal income tax started out as a one percent tax only on the rich, today its massive and we all pay it.
😂😂😂
Not the top 1percent or government officials who run this country
Welcome to the entitlement state.
@@jannettsnow9373 oy vey
Not me
Even worse, when you pay off your property, your tax goes up because you no longer receive exemptions. We dont own our property, we rent it. If a car is purchased brand new and resold 7x, the taxes paid to the government exceed the original value of the car in 10 years. Taxes should only be paid only one time, at time of purchase and no more.
Anomaly I was just saying this same thing to my spouse, it's a scam!
Anomaly perfect well said
Please educateme on this .We own the house but in actuality we rent it.Yes? How do we retain our rights to live in a house we have a title to but cannot pay this extortion ( property tax ) are these people being evicted from their own houses . Of couse the bought and paid for owned media either will not report it or distort the facts .Or maybe if there is blodshed protecting ones own property.This is without any doubt EVIL .Corruption that is supposedly legal .This really is not Freedom and if it was or is supposed to be how can anyone take back their rights.?
True. When u buy a car the dealership dosent come to u once a year for taxes. This property tax is a scam.
Look, Anomaly; why should their be a sales tax at all? Why does the state and local (in some cases) government claim an income source from our expense through a purchase of goods sold in their community/state???
the kicker is,it was deemed unconstitutional by congress long long ago....so why are we still paying????????????? we are to blame, we the people are the fools
Hi daleon96. You pay the required taxes in order for the government to pay me my monthly welfare benefits. I'm an artist, but I do not make enough money for the life style that I deserve. I also have to take care of my children from my 5 baby mommas that I impregnated. Who's gonna pay for my children to live and go to school???...not me cause I do not make enough as an artist. You rich people making over $65k/yr owe my children good food and an education, from kindergarten to all the way through university. College should be free. I wants all of my children to get a university degrees.
A US citizen is not "We the People." They are in most ways exactly opposite.
After my self induced hypnosis therapy as a lady boy, I think that Brett Kavanaugh molested me 35 yrs ago in Thailand.
You pay the taxes for roads schools hospitals an army lots of thing dip shit if you got bombed it wouldn't matter who owned a home or payed taxes would it
@@littlegayfairy Lmfao That is hilarious.
ALL LAWS ARE MADE TO CONTROL OR TO ROB THE PEOPLE.
To build their underground bases, support illegals Drumpf lied about deporting, instead invites in by millions! No wall and Israel gets our $ first who built deadly 5G weapon banned there and Drumpfs 4 home cities while ordered rolled out ASAP! While we hard working boomers have little, no ins coverage, free cash and food, illegals and welfarers get 100% free AT OUR EXPENSE! Just told my 1 med no longer covered I PAY EXTRA for w/ Humana! So wrong. Gotta be illegal to survive here. They're taking over; openly brag of ruling us illegally! see grindall 61. Jesuit Drumpf is an actor traitor from generational satanic trans family does Masonic hand signs, performs occult rituals worldwide and lies pathologically on every issue! Jobs and commerce down, most all long time stores closing, taxes up, take our guns! Just passed 7 Noahide laws = death. Guillotines await us In FEMA after stealing homes destroying for dime on dollar, cars banned, stack n packs, bike, bus train only is our future! 12 mega region camps few not burnt alive by DEW weapon, drowned in endless weather warfare. "Calm before the storm, you'll see! You knew damn well I was a snake before you took me in!" Sorry for rant, just sick of LIES and injustice no constitution!
Well Bob, you're right.
Laws can be made and changed to benefit the people.
Woah wait a minute. I had to stop at 4:21 when you went into this garbage about not taxing stocks & bonds as being a scandal. I busted my tail working a crappy dead end job for 12 1/2 years. I didn't throw my money away on garbage like new tvs, the latest iphone, a new car new clothes, eating out among other nonsense. I saved up a good chunk of money to start buying stocks so that my money could make money. We are taxed on stocks when we sell them. That's called a realized gain. We shouldn't be taxed on stocks while we are holding them. That would be taxation on an UNREALIZED GAIN and depending on how the market is moving taxation on a stock sustaining an UNREALIZED LOSS. That would be a disaster. Not only rich people buy stocks. There are people like myself who chose to delay gratification instead of being a typical consumer and invest my money instead.
I will say this. Property tax on real estate we pay is a scandal and highway robbery. Every year the appraisal district has an incentive to find properties in neighborhoods that have sold for the most money to use as their metric for jacking up values for everyone else. Then the tax assessor gleefully assesses their levy against homeowners like myself who own their properties free and clear. Sure on the surface it looks nice to see your property go up in value. But what about if I want to continue living in my property? I have to pay and arm and a leg to stay in my own home that I have known for 15 years or face the alternative ordeal of gathering all my stuff-lot's of family heirlooms-and engaging in a logistical nightmare to find somewhere else to live with a lighter tax burden. Usually it entails moving to the boondocks away from civilization. Essentially when our taxes go up we are being taxed on an UNREALIZED gain because until we sell our homes we have no access to that added value. Not to mention in my case I have not updated my home in the entire 15 years I have lived here. Now I can't even afford to update my home because I have to save it all for my property taxes. It's outrageous. But to suggest that owners of stocks should also be taxed on the value of their holdings whether they have an UNREALIZED gain or have shouldered UNREALIZED losses is absolutely absurd.
By the way those much needed services the city provides that our tax dollars pay for are below par to say the least. I've got pot holes all over the place where I live and many of the public schools the bulk of our tax dollars are paying for are underperforming. Not to mention I don't have kids in public schools so its ridiculous I should pay for a crummy school system I don't use.
He is ingeniously special! Where as your comentmakes no sense and has no point. @
Actualy I do think you are ingeniously special!! How true in regards to having to pay property tax on UNREALIZED gains!! Another injustice I hadn't realized! And the same is true for having to pay for a long time failing, imoral, slob headed libral public school system. Which is so wretchedly wrong whether you have school aged children or not. Being when I did have school aged children there was no way I was going to send them off to be schooled by that evil hearted libral foolishness. And like me I think that there maybe many of who not having school aged children that would be good with being part of helping to fund the education of our country's children if for it having strong, healthy, moral, true and real basis of its edgucation. And the test scores to prove so.
You sorry because you make no sense and have no point. So you just keep being sorry then.@
That's why I would put such a tax only effective on value above $100K or $250K.
And make it very cheap like 0.5%.
I'm not a fan of taxing unrealized gains either. Dividends a different story that's income. And again, I'm for the first $60K in dividends not to be tax especially for retired peoples... but really the first $60K or $40K in dividends and/or interest shouldn't be taxed. Then begin taxing in brackets as we do ordinary income.
And ordinary income shouldn't begin being taxed on Federal income tax until after the same $40K to $60K.
Payroll taxes all income should be taxed (social security and medicare) as it is now, no deductions. That's going to a specific thing: medical and a pension.
State income tax and sales tax shouldn't be more effectively than 10% to 12% on income $60K and under.
Income brackets on higher incomes including dividends/interest should be taxed the same progressive tax as ordinary income.
Ppl don’t like taxes, but they’re not proposing what the money shouldn’t be spent on or how to raise taxes instead for local govts which don’t take income tax.
City budgets are all public and they have public hearings and town halls to discuss them. I doubt the haters truly participate and figure out where their hard earned $s are going.
Not saying it the local govts don’t have wasteful spending; this happens with any big spending agency. It’s that there needs to be an examination from the other side, not just ‘urrgh mah money, tax bad’
It's simply a form of property theft. Over a long enough time period - depending on the tax rate - they have effectively taken your entire property.
The opportunity costs of property taxs ( what you could have otherwise used the money for) can accrue to millions of dollars in a lifetime. If many households invested as much in retirement savings as they paid in property taxes, being a millionaire would be common in the U.S.
Propety taxes are immoral. Inheritance taxing is even worse. Find another way to pay for public services... VAT, (value added tax) buy something, add a bit for the public coffers. or... tax a small percentage of income. No income, no tax. No tax on social security ever.
Yes, a VAT - sometimes called a consumption tax can pay for local goverment, with necessities such as food exempted so that frugal people can chose to forgo some spending, knowing that they won't be forced out of their homes.
You missed it professor, The property tax scandal is the fact that anybody can be taxed for something they own outright.
This problem with this video is that it misstates facts. He correctly defines what property taxes are and how they are used. Then he says what happens if you sell the property and buy bonds? If you sell the property then you no longer own the property and are no longer subject to property taxes on it. If you sell the property and used the money to buy another property within the same area you would pay property taxes on the new property.
Dicky Wolff is a communist propagandist so naturally, he skews any subject and ignores any inconvenient facts.
Its not because you own it. the tax is to cover the cost of government services they provide for that property. Don't you want the police to protect your property? Dont you want your garbage to be picked up or have a place to take it? You're also taking up space that could be divided up for more people or used by the public. Most local government has a property tax because they don't have an income tax to pay for these things. Its just like owning a car. Gas stations don't charge you because you own a car. They charge you because you are buying their gas. Parking lots don't charge you because you own your car. They charge you because you're using their space. What they should be charging property tax for is to fund things that have nothing to do with your property like schools, parks, ect.
J Shysterr If that was the case they should just refuse services to you. But let you keep your home and land if you don't pay the property tax. By the very definition of owning something. Their is no lawful way it can be taken from you. It would be thievery. Also you would not have to pay anyone to keep said property. So by the very definition of owning something home and land ownership does not exist in America.
Shane Strickland the problem is that the left has taken over the property tax system to pay for additional things that have nothing to do with your property. Plus there are things you cant opt out of because they are connected to your property like schools and parks. They increase and lower the value of your property. You cant disconnect your property away from how other people feel about it, and your property's value affects other peoples property value. You made this connection when you chose to buy the property. Nobody forced you to buy. If you dont like how much your paying then vote for better leaders, join a home owners association or move.
Thank-You for covering this subject. We must ALL understand that the fraud/scandal applies to ALL taxation. Taxation is a form of servitude that has been unlawfully forced on the people. The United States of America is a Corporation. You as a person/citizen are an officer in that Corporation. As an officer is in any Corporation, you have certain rights, restrictions, and obligations. In the Constitution we are given Rights/Choices, one of those Rights is a Choice of whether we choose to be a part of the Corporation. You are a Man or Woman as a man or woman you have the Right to have have a Right to Life, Liberty, Security, and Freedom through Common or Natural Law, or You have the Right to choose Statutory Law which is determined by Legislation and is often exercised in civil Law.. No by Law or in Law are you forced to pay taxes, have drivers license or permit, vote, or follow any law that is in conflict with the Constitution. No Censorship, No Mandated Pandemic obligations, No discussions regarding gun laws, No Traffic enforcement tickets. I am a man or women operating in accordance with the Constitution and all Rights it provides to me under Natural/common law. I am not a citizen, a statutory person, a tax payer, a worker, a fictitious character, a body corporate, or an officer in a corporation. I am a legal man or women and I operate in my FULL legal capacity.
It has always pained me to pay yearly taxes on the home that I have owned for 23 years. But especially over the past three years with the 2 million undocumented “citizens” of the United States that collect a check from the government and are now able to vote in elections, the welfare system that has Long since turned from a safety net to a hammock. and now a debt forgiveness program that is being pushed to “forgive“ the promise broken two adults that took out loans that they knew they would never pay back. Same as the bank bail outs… Couple of that with the fact that we have printed more money in the past two years then in any other time in history. But my house/shelter can be ripped from me if for whatever reason I am unable to pay the king his gold.
Property tax =NEVER own your property! EVER.
I share a $600 a month studio apartment with a roommate, so we each pay $300 a month. I dont think we can get anything much cheaper than that. We live in a city with bus service, no need to own a car. Other than clothes, cheap tablets for wifi and a few personal items we own nothing, not even a tv. I like it that way.
*PROPERTY TAX STOPS CONSTRUCTION BY PENALIZING PEOPLE FOR IMPROVING ON THEIR HOME*
There is definitely a lot of neglected properties because home owners don't want higher assessments
What if everyone just stopped paying??
Mark Aven LMAO
Sucks that once gun control happens. A second Revolution will be super impossible.
Michael Michael Motorcycle
WHAT IF the corporations making all the EARNINGS PAY THE TAX ON their EARNINGS from Royalties via copyrights / PATENTS /IDENTITY THEFT of the people’s Estates⁉️
WHAT IF the Estate class 5 Estate tax shelters wrongly procured WAS OUTLAWED⁉️
WHAT IF the registered corporations were FORCED to pay TAX on EARNING!?
WHAT IF The (GAAP)=Al Capone bookkeeping system was OUTLAWED⁉️
WHAT IF the people had never been SLAVE TRAINED by “PUBLIC SCHOOLS” ⁉️
WHAT IF EVIL PEOPLE harming the “slaves” EVAPORATED right NOW⁉️
THERE WOULD BE peace on planet Earth, NO MORE WAR, and MORE FUNDS THEN WE COULD EVER IMAGINE. MANKIND could begin evolving instead of DEVOLVING❣️
That will happen when enough people are willing to educate THEMSELVES ❣️
Your economy would crash and you and your family will be eating out of garbage tins.
unfortunately boobear, you are most likely right; most americans are soft and unable to stand together united
+Booboobear2388 and there you just described how a terrorist organization operates. We are not free, we are given the illusion that we are and have freedom of choice but as long as people remain ignorant they will never be able to see the invisible chains that they are wearing.
It might interest all of you to know that we are paying 50% (give or take 5%) in taxes every time we spend money.
He say that we will only put a 1% property tax only on the rich? Thats what they said about the federal income tax in 1913. Today, the federal income tax is massive.
Great point !!!! GIVE THEM AN INCH ........THEY WILL TAKE A MILE. Don't cross the line !!! Just like the Civil Rights Act.Do a little research and read a book called Its Very Simple by Alan Stang .Civil Rights...supposed to bring equality, but instead created an industry of pure ....Horse Shit !!! Look at us now.....Race War in 2018.Never cross the line.Look at what banning one word leads to..........the crime of "RAY CIZZEM and the dissolution of our first amendment. "This crap is pure insanity, because we crossed the line from which there is no return.
I have been F'ed right out of the state I was born in Scum Jersey and the naboring state by the government employees ( taxed to death).
workwillfreeyou The ironic thing is that the state and politicians "borrowed" (stole) all of that money anyway. I told my wife who is a teacher she will be lucky to get a cent when she retires.
If the founders had know we would be taxed for the simple action of owning the property you reside on they wouldn't have bothered to risk everything for our freedom. I know I wouldn't have. The government has grown WAY out of control and we've lost all the principles we gained after the revolutionary war. If you think taxation on property is fair then you don't deserve to live in the freedom many men and women have died to preserve. Go somewhere else where your principles are already supported and stop enslaving the rest of us that DO want to live by the Constitution and the freedom it protects.
If I remember correctly this country was founded as a results of a rebellion against double taxation. We have come a long way as in some areas we have evolved into not only double, triple, quadruple and even more multiple taxation. Take for instance the purchase of an automobile. When you buy it new, you pay tax on the full value of the purchase price. When you trade it in and someone buys it as a used car, they pay tax again on a portion of the full value of the purchase price. And when that person trades it in and another person buys it they pay tax on it again, and on and on and on,The same applies to DMV license fees or any form of tangible commodities that can be resold. Correct me if I'm wrong but that seems to be a lot more than double taxation. Small wonder Americans feel that they're being taxed to death.
You are calling for more taxes, retirement plans are in the stock market too so with this you are adding more taxes in top of the already existing taxes. So less money when you retire and remember you retire because you loose the ability of working.
But Daddy and Mommy government will swaddle you in loving care!..... until they need the bed space and it is Alfe Evens time for you ( UK Health Careless system death by starvation and no meds).
Seals Rx qqq
I very randomly began to think about property taxes so I searched for an explanation on what for and why we are required to pay property taxes in the U.S! This was really helpful and enlightening to me.
Now I want to research more on if we are required to than pay the annual rent for our already paid for and "owned"😠 property, are taxes still charged on to the total purchase towards the ownership of the land in the first place?
Taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies.....our government authority does not give us a say because we NEVER get to vote on removing this tax. WE ARE FORCED...
Hear!! Hear!! exempt all citizens who manage to make it to age 70 1/2 from property taxes on their primary home.
65!
Property tax is just rent. We rent property from the government. No one really owns property. Btw. Taxing stocks and bonds would destroy he return of your 401k and mutual funds.
Hi Jennings Cunningham. You pay the required taxes in order for the government to pay me my monthly welfare benefits. I'm an artist, but I do not make enough money for the life style that I deserve. I also have to take care of my children from my 5 baby mommas that I impregnated. Who's gonna pay for my children to live and go to school???...not me cause I do not make enough as an artist. You rich people making over $65k/yr owe my children good food and an education, from kindergarten to all the way through university. College should be free. I wants all of my children to get a university degrees.
Problem is, they don't own the property, according to grants/deeds, etc. We are reliving SERFDOM.
i think NJ has the highest
some people i know there are paying 8k a year on average house !
Professor Wolf, I couldn't agree more with you. I've said it many times that property tax represents a return to serfdom. When someone has their house paid off and stands to get removed from their property for not paying a tax on it is nothing more of less than that. I dont understand how people stand for this at all.
Millions of slaves to the system have had children and everyone is oblivious.
I've been wondering the same thing. I think it's because when the property tax system we have started, the tax was pretty low and up until maybe 30 or 40 years ago was really pretty low. People didn't fight it. Now, they keep going way up and folks are waking to up to what it really is. Our prior generations fell asleep, deep sleep.
Your wrong I put the money in the stock market and lost over 35thousand dollars when the market fell I had to pay a capital gains tax on the gain 2 months earlier than when the market fell I couldn't write off the loss meanwhile the Irs taxed me on the sale of my house since now divorced couldn't afford the same price my ex spent his in 30 days so in the end after getting 100,000 dollars from the sale than taxes from that plus stocks worth half after loss&penalties I had 30,000 left so don't listen to him he knows that if u have a gain your taxed even if you lost money they still tax u it's all a scam property taxes go to fix the road in the better neighborhood I can't even get to my garage for the pothole 3 miles away fancy street lights with hanging flowers sidewalk cafe's
Janet Bosworth - capital gains is a tax on the gains from your principle once it is transferred or liquidated. This man is talking about taxing the ownership of stock and bonds just like the property tax.
Well spoken and excellent points made. I can almost guarantee this stocks and bonds tax will never occur, though. It's unfortunate, but it's the price we pay for being born into a broken, corrupt, sinful world.
Wait... Doesn't that get taxed at some point at least, say it being sold, or dividends? Income tax?
The worst offenders, where I live in Pennsylvania, are the school districts. School boards have the power to tax and can do so without oversight. I pay about $700 a year to my town and county, that's total. I pay $2,500 a year for the school system. Recently, it was reported that the school board voted to raise taxes to give school employees a raise. I haven't seen a raise.
Maybe the schools should stop buying new computers every year and get back to teaching reading, writing, arithmetic, history and, very importantly, civics. High schools don't need courses in robotics, law, or psychology. Not when you are hard pressed to find a teen who can make change without a calculator.
Great explanation of one of the many ways the lower class is left holding the bag. He did not touch on another portion of this tax. Many companies work a deal with the local politicians to reduce or in many cases pay no property tax, leaving the burden to the local population to pay!
The scandal sir is that you would enlist the force of government to make people provide for your needs.
Are you saying that we should get rid of unemployment benefits, social security, Medicaid and Medicare? And do you despise people who are unemployed and desperately job hunt to no avail?
What is a person who has the results of their production taken away for the use and disposal of another person? I'm saying there is no moral increment, no moral establishment of slavery. Now, why would anybody hate a person who was working hard to become employed? Working people provide all the wealth of our society. The producers and providers of goods and services are proper hero's of modern life.
Spartaculus Jones "Are you saying that we should get rid of unemployment benefits, social security, Medicaid and Medicare?"
No, not at all. I would eliminate all monopolies and all force used to prop them up. No person or group has a right to collect their living at the end of a gun. There is nothing wrong with selling or buying unemployment insurance, medical, catastrophic care, old age care and etc. I think these are valuable worthwhile products. The problem is certain people use coercion to force you to pay for their provision of these products. I am for Liberty. If you want to buy into unemployment from government employee's, fine. If another product is available at lower cost or with more benefits, you should have every right to choose it as well. I am for Liberty, choice. No person has a right to use a gun to monopolize the services they provide. Not the baker, not the unemployment insurance seller, not the health insurance seller - nobody. No special persons. No royalty. No person who can pretend and act committed under protection of armed forces any morally superior to you doing the same act.
"And do you despise people who are unemployed"
Why would I even consider such a weird hate. Are these feelings you have had?
"and desperately job hunt to no avail?"
Who hasn't been unemployed? It feels like shit. It's a constant drain on one's self worth and courage. Sucks.
It is I who argues for a cessation of the use of force and guns against people to obtain services and resources. Yet, you wonder if "hate" emanates from me? I am not defending any use of force against any peaceful person. Such use of force is vile and evil. I wish to interact with others through voluntary cooperation. Of course, there will always be criminals, psychopaths, murderers, molesters, robbers and various predators of their ilk who feel their needs and desires are a claim on the life and property of others. I am for Liberty as the only alternative to slavery.
RadicalRC _What is a person who has the results of their production taken away for the use and disposal of another person?_
A worker under capitalism.
_The producers and providers of goods and services are proper hero's of modern life._
And someone who collects income not as a result of labor, but merely by his ownership of income-producing property, would be the villain. So, why on earth would you defend such people?
Tyler Brown You make the statement: "And someone who collects income not as a result of labor, but merely by his ownership of income-producing property, would be the villain. "
Does the laborer not own himself? Is he not his own property" Does he not invest in his own skills. Does ne not preserve his own capacity to undertake his profession? Is he vile and evil because he claims to own himself and claims a right to sell his time and labor to another?
In your world, a machine must coalesce out of the vapor. The man who labored to produce the machine or it's components the vile devils of property accumulation. The machine has no value, it is evil.
What you question is a man kinds right to sell it's labor (or corn or metal or anything) for compensation for the individuals own purposes. You argue for slavery. The men of stolen accomplishment cannot rule the world without death and mass graves. You and yours have killed 100 million attempting to steal the accomplishments of others and turn them to your own purposes. The men of stolen accomplishment are the sure path to poverty. Look at it all over the world. Slavery does not produce the highest potentiality of mankind.
It’s already bad enough that housing prices have gone up 300% in the last 3 decades. But to force homeowners to pay ridiculously high interest home mortgages on top with an exorbitant property tax is devastating to say the least.
You don’t own the property, you rent it from them and they tell you what you can and cannot do with it (and pay them for) and how much you have to pay or they take it away from you.
The scandal is this, the people have an unalienable right to property. Property is a right held in the same regard, and mentioned in the same sentence in the early constitutions of the states. Many state's constitution even made that right excepted for the general powers of government and forever inviolable. The general powers of government include taxation. THAT'S THE SCANDAL. Your sworn public servants in government have usurped the sovereignty and rights of the people via the offices the people created to protect their rights. But the best part is, life is short. These people WILL stand in judgment.
I thought you might mention the fact that churches are exempt in most states from paying property taxes. Yet, they may expect police, fire, and other governmental services just like the folks who do have to pay the tax. Here in Florida, a western based church owns huge amounts of cattle ranch land, upwards of 100,000 acres, but is tax exempt. God truly does work in mysterious ways, especially through the legislature.
We should be able to vote on politicians pay increases, not them voting on their own pay increase. That’s total BULL.
tax accessor claims your house is worth more than it is just so they can gouge you!!! Its not fair!
You can pay property taxes on your own property for thirty years and g lose your job. And the tax man gets to steal your property. And nothing you can do about it. It just legalized extortion pay or lose it.
We fought the American Revolutionary War over unfair taxes by the British Crown...
Property Tax is Rent.
If I don't pay my Property Tax on my home, the Police will put me on the street.
You pay property tax. Property tax hires polices. Polices put you on street if you stop paying. That's awesome system.
@@mualan4683 Income taxes should cover all of those things. Property taxes mostly go to schools so that they can spend the money on BS like useless sports and bonuses for superintendents....
@@lefthanded5473 Why do I have to pay for some little shit's brainwashing education?
If you own stocks, the business is most likely paying property taxes. Just like your cash has no property tax on it. look for a place with low property taxes.
This is the single most important brief economics lesson that you will ever hear!
Property tax for individuals, should not be. Why not collect it in sales tax instead. Otherwise, people do not have a right to land, but are in debt. It's feudalism.
here is the funny thing. COMMERCIAL BANKS CREATE OUT OF THIN MOST OF THE MONEY THAT WE USE. They do this by taking a promissory note and turn it into expendable money. So when the promissory note is paid off the money it created will disappear. This means that the only money we have are these promissory notes which are debt. The banks have hidden this debt-money from the general public. Only the very few that actually look realize what is really going on. If every knew exactly how banks operate there may be enough momentum to stop this debt-money system. The constitution never says that promissory notes can be money. Money is only as per article 1, section 8, clause 5. So these banks are siphoning most of the laborer's work, and then steps in the government who is there to take from the crumbs left behind. The government not only want to take some of the crumbs but they are bought to keep people from learning about where their money comes from. The banks buy all these schools and politicians to keep people in perpetual ignorance. Even in colleges they misinform students by teaching them a concept called fractional reserve lending. Banks do not lend from deposits. So the bankers and the government squeeze the people.
I was late 7 months making Property tax, my property got auctioned and bout for $6300.00 when the property valued at $750,000.00 (about)!
I went through hell paid so much for lawyer fees and penalties to re gain it luckily I acted within the 15 days otherwise it would have been a disaster since it was paid for and was the only mean of my retirement investment! Government is no friend to the citizens, They don't care.
Nope,you are basically a commodity. You are seen as just a good little drone/meat puppet meant to work,create value for and fork out money to the government;right up until the very last moment of the final day you are alive and draw you last breath.
The government (most especially the national level of it) has FAR more power than it should have and probably was ever originally meant to have. One other thing that is total bull crap is "Imminent Domain" where they can more or less just up and take/confiscate your land.
I'm sooo glad you got it back!! 🙌🏿
Only one problem with that, stocks are a high risk investment. A house can be insured against loss, a stock or bond can become worthless. Property taxes on homes are why no one can afford renting, rent has to be enough to cover the taxes, maintenance, insurance, and some profit.
Way to go! As a company and person we stopped paying taxes years ago on Personal Income taxes, Capital gains, Corporate, Payroll, Withholding. This is the answer to Property. Excellent job.
Ridiculous
If everyone pays a “fair tax” we shouldn’t tax anything else all besides our income!
LMAO the scandal is that anyone is paying any wealth tax like property tax. It should be unconstitutional.
Going off topic..real property tax is the problem..
Constitutionally property taxes are for property used for business..not residential..
Home owners in high tax areas must unit in a class action..
When I first saw the title of this video I thought there was going to be a discussion about how the property tax itself was a scandal.
When people buy property it is referred to as “real estate” and that is usury not ownership. If you really owned your property then there would be no tax. The scandal is you aren‘t holding true title to your property and you don’t own it, only paying for all the liabilities and you’re using it.
The country wasn’t founded on property tax. In fact, go read about Shay’s rebellion and you’ll see the Founding Father decided not to have a property tax and instead went to an alcohol tax which caused Shay’s Rebellion.
The idea that someone actually made a video talking about property tax and then converted to a rant about stocks and investments not being taxed… are you kidding me?!!! I can’t believe I wasted 5 minutes of my life watching this nonsense!
Stocks and bonds are already taxed! Just because it isn‘t called property tax and the cities aren’t taxing it, who cares, they’re taxed?
The whole property tax issue is the fraud! Property tax is a relatively new tax in the United States. Government began thinking about it in the 1890s. Yet when my parents were growing up through the depression they didn’t have property tax.
We need to own our land and get rid of the property tax altogether!
Property tax here in Florida is the result of property owners becoming a taxpayer by exercising a taxable privilege. A taxable privilege occurs when you contract with the county government by RECORDING YOUR PROPERTY DEED INTO THE PUBLIC RECORD.
@@alvisjenkins1305 True - same in Michigan.
Property taxes force people to always make a profit on their property. So I think only business, shareholders and people who own a second home should pay it. There is no reason to force an average family who own a small home to make a profit in order to keep that home.
They should not have the power to take your house if you paid for it tax and title. I understand they need the money to pay for whatever services. But recently, My mother received a letter saying her house would be sold at auction because one year was behind, $1100 in their tax money they're willing to sell your $85000 house. So they can pay for services you may or may not Use. No authority should have the power to remove you from your property Under any circumstance.
Yup, thanks. Going to go vomit now!
instead of advocating the abolition of the CRIMINAL property tax, you actually are calling the government to impose even more taxation.. what a goof..
smw Lmao that moment when libertards watch a marxist accidentally
as he said it was done once before. If you look at Trumps tax proposal it would lower taxes for the rich and his marginal rate would be something like 3 percent. Lowering taxes has never done much for the economy. While I am sure the rich complained about it at the time from the 1940's until about the time Nixon became president the marginal tax rate was 95 per cent for the richest people in the country. Granted we needed the money to pay for the war effort and for some point after. Of course we got involved in the Korean War and then Viet Nam. Those war efforts had to be paid for. And even with those two wars, the economy was pretty good here. Not many people had to work 2 or 3 jobs. It wasn't so necessary for women to have to work. Of course in those days, it was probably hard for a woman to become an attorney. Sandra Day O'Connor couldn't get a job at a law firm when she graduated. My mother didn't work. We were by no means rich, but we had a nice home, two cars, were sent to college when you didn't have to take out a big loan. I don't know why some people here are bitching about taxes. The real reason to bitch is because per centage wise the rich pay so much less and sometimes nothing. Most people are not heavily invested in stocks and bonds and if you do own any it is probably a few shares. Look at social security. I wonder how many people commenting here make 118,000 dollars. Once you reach that point you don't have to pay anything in. Hardly fair. Finally read David Cay Johnston's books, Perfectly Legal, Fine Print and Free Lunch. You might think a little differently.
+Paine Yes, because many of these "investments" are government bonds the government issues to raise money to pay for services or new schools. We should be taxing these? LOL
but you do realize that if you would tax bonds and stocks the overall property tax could either be lowered dramatically or the spending could be increased alot!
sanford sklansky wrong dude our corporate tax is now the same as the rest of the world 21%. instead of 35%. now companies stay and come back since they don't have to exploit us with our so called allies.
Tax is wack it's just depriving us. Our founding fathers fought for this so we can have a good opportunity to rise on our own. But the bankers ended up getting a strong hold on this nation and world
Property tax of any kind should be abolished. When a person reaches retirement age ( for instance ) and has somehow managed to pay off their mortgage they should not be burdened by an unjust tax on their home/property/vehicle. If the government can seize your home for non payment of an extortion fee it is never really yours. Government period needs to be dramatically downsized. Thugs are thugs no matter how you label them.
People keep looking to the government to solve their problems but they never really solve them and never will. Freedom requires personal responsibility.
its called tax slavery !
Property is only wealth when you sell it.
In reality, it is not a tax, it is rent. We will never own our so called property, don't pay rent / taxes and it will be taken away.
If you don't own real property you shouldn't be allowed to vote
There would probably be a scheme where people could buy one square foot of property in a desert somewhere.
You are taxed on the house when you sell it unless you put it into another property.
KidCity Lynnwood not if you lived in it for two of the prior five years.
Only on your profit and if you do not buy another property and your profit is less than $250,000 you owe no tax if the home was your principle residence. You really have to get lucky to make that kind of profit.
Property tax should be done away with. You can not own something, if you have to pay a "fee" or "tax" on, in order to continue to own it, or the government takes it from you. So you truly never own something, if the government can take it from you
The problem with (most) property taxation is that it doesn't take into account the ability to pay. When you're young and earning, you can budget yearly property tax costs into your buying decisions. But as you get older and income drops, the property tax calculation (often) doesn't take that into account. Result: old people having to sell their life-long home. Much as people complain about California property tax system - it is remarkably fair for long term home owners.
I'd love to hear the professor's take on the criminal Federal Reserve Act.
Ridiculous
Excellent video very educational. It’s so sad how far deep into corruption our government is. And how much the poor is exploited
State property taxes have become so expensive that we've all become renters.
Taxed too much in this country and for everything. As a Senior Citizen I will be
in the street when too old to work to pay for my Property taxes.
What Prof. Wolff means is that if the richest 10% paid a property tax on their stocks and bonds, then property taxes on everyone else could be decreased, making owning a home or auto become more affordable for the working class.
Actually, there is some justification for not applying property tax to stocks and bonds.
Property tax is suppose to pay for the things that help support your property such as police and fire, school for your kids, roads around your house etc. But none of those are needed just for Stocks and Bonds so should not apply to those. I am not a big fan of property tax though, don't get me wrong. I feel it is too high in too many areas.
RJ Walker tell that to the property owners with volunteer fire companies, private trash collection paid by the owners and no local police because the county dumped it on the State Police
..0'God haven't we been taxed enough, this Sob wants to add to it.
The problem with this, knowing our government, is that they will impose the tax to bonds and such but not stop the property tax - a win-win-situation for our government. Please don't give them more ideas.
There shouldn't be any taxes to pay after buying your property. No one should ever have to pay property taxes . The rich keep getting richer and the poor keep getting poorer. I've heard this before, from the scriptures.
Richard Wolff - what BS!! (Property Tax)
Prof Wolff, I will be injecting this idea into the Portland mayoral debate soon.
The sale of stocks is subject to state and federal tax. Bottom line, there's too much taxation going on in this country. It's basically like legal robbery.
The scandal is the fact that I have to pay taxes on my property at all, it's my property not the governments, I already paid taxes when I bought it, it's more like property rent, cause if you don't pay your property rent, your "benevolent " government will take said property for their own. That sir is the property tax scandal
citizens in states like California and Illinois trusted there government so much that every time they cried "for the kids" they voted yes. now they have what they voted for.what they didn't anticipate was that the same people asking for that increase would come back to over value their homes and cars. they also took their raises and new benefits from this .
So the question is. If tomorrow my state and/or local tax assessor decides that my new real estate property tax rate is 50% of the value of my home I practically have no recourse and forced to sign my house over?
We pay around $12,000 per year in property tax for a house valued around $550K here in our midwestern major city. However, I filed a dispute with the tax equalization board citing many expensive deferred maintenance items totaling over $150K, and even though the independent 3rd party referee (the tax equalization board paid for) ruled in my favor, the taxing authority rejected the referee's opinion. It becomes a joke when you can't even get an accurate valuation due to overzealous and politically left leaning cranks that hold these public tax offices.
3 things certain in life :
1. Death
2. Taxes: Federal/State/Sales/Property/Estate taxes, And if you die before you can claim them, they keep all your Medicare and your Social Security taxes too
3. Insurance premiums/co-pays/deductibles until you reach your out of pocket maximum
The real scandal is the taxes that ARE collected. It was only a little over 100 years ago when there was NO federal income tax, In 1913 it was initiated and it was ONE PERCENT. Now we have 10, 20, 30% PLUS medicare plus medicaid plus social security plus the employers portion of social security. Add up all the fed, state, and local taxes and in many cases half or more of the money people earn with their labor is taxed. And guess what??? ITS NOT ENOUGH. These drunken sailors demand more. They are even willing to go into debt on your behalf. Now there's your SCANDAL.
After 30 Years! I now can stay for $1000 per year!
I never thought of stocks and bonds as "property" but it is! You can touch stocks and bonds. It's tangible. Learning something new everytime I hear Prof. Wolff speak.
I don't want intangible assets to be taxed. Your Social Security isn't taxed. I want the property taxes to be reduced.
You are easy to control if you have no money.