AlCzervik
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Sun May-04-08 01:32 PM
Response to Reply #26 |
| 35. so renters don't use the school system? |
| -Should there be a wealth tax on home ownership? |
orangerevolution |
May-04-08 01:06 PM |
#0 |
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No. You've paid for the damn house and you continue to pay property taxes. |
gateley |
May-04-08 01:08 PM |
#1 |
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Not a fan of the hate-the-rich thing that's popular on DU.... |
BlooInBloo |
May-04-08 01:08 PM |
#2 |
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I'm a big fan of the hate-the-rich thing. |
Tandalayo_Scheisskopf |
May-04-08 02:20 PM |
#69 |
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What is the rate on capital gains? It should be at least as high as |
annabanana |
May-04-08 02:35 PM |
#78 |
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Working hard with your hands or your mind |
orangerevolution |
May-04-08 03:14 PM |
#90 |
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There already is.. |
sendero |
May-04-08 01:09 PM |
#3 |
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Above and beyond property taxes |
orangerevolution |
May-04-08 01:12 PM |
#8 |
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are you going to assess and equal tax on renters? |
chimpsrsmarter |
May-04-08 01:14 PM |
#11 |
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The tax would be assesed to the property owners only. |
orangerevolution |
May-04-08 01:19 PM |
#20 |
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let's see, i almost own a house, i have 7 years left on the mortgage so my tax |
chimpsrsmarter |
May-04-08 01:22 PM |
# |
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Do you really believe what you are saying? |
Midlodemocrat |
May-04-08 01:29 PM |
#31 |
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Have you ever owned a house? |
Mojorabbit |
May-04-08 01:37 PM |
#43 |
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you had to build up some sort of down payment |
orangerevolution |
May-04-08 03:20 PM |
#93 |
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No you don't |
tammywammy |
May-04-08 03:36 PM |
#102 |
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But the house has a value |
orangerevolution |
May-04-08 03:38 PM |
#103 |
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Yes, so I might as well go back to renting |
tammywammy |
May-04-08 03:44 PM |
#110 |
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If someone is able to have wealth in a house |
orangerevolution |
May-04-08 04:04 PM |
#131 |
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there's already a property tax based on value of the house |
pitohui |
May-04-08 01:10 PM |
#4 |
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If a house value increases over time |
orangerevolution |
May-04-08 03:21 PM |
#95 |
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what income? |
mitchtv |
May-04-08 04:32 PM |
#136 |
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There already is. It's called "property tax." |
smoogatz |
May-04-08 01:10 PM |
#5 |
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Welcome to DU. |
peace13 |
May-04-08 01:12 PM |
#6 |
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Are you for real ? |
Trajan |
May-04-08 01:12 PM |
#7 |
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so now you want to impose a punishment for owning a home? A large income? |
chimpsrsmarter |
May-04-08 01:12 PM |
#9 |
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this tax is not a punishment. |
orangerevolution |
May-04-08 01:27 PM |
#26 |
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What if said homeowner's didn't have children in that school system? |
Midlodemocrat |
May-04-08 01:29 PM |
#30 |
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It happens today with the property tax |
orangerevolution |
May-04-08 03:17 PM |
#92 |
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so renters don't use the school system? |
chimpsrsmarter |
May-04-08 01:32 PM |
#35 |
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What do you think property taxes are for? |
polmaven |
May-04-08 01:44 PM |
#51 |
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It goes to multiple uses |
orangerevolution |
May-04-08 03:15 PM |
#91 |
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Guess you never heard of real estate taxes, which are assessed |
Sinistrous |
May-04-08 01:13 PM |
#10 |
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The deduction from the interest portion is next to nill for the last years; hence it's income& taxed |
thunder rising |
May-04-08 01:14 PM |
#12 |
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Many homes may have been handed down from previous generations ... |
lpbk2713 |
May-04-08 01:14 PM |
#13 |
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Irrelevant to the plan |
orangerevolution |
May-04-08 03:25 PM |
#99 |
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Real estate taxes are the vehicle for that. |
Gormy Cuss |
May-04-08 01:14 PM |
#14 |
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This is a tax in addition to the property tax |
orangerevolution |
May-04-08 01:16 PM |
#15 |
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In most states, property taxes are used to fund the schools. |
smoogatz |
May-04-08 01:42 PM |
#50 |
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30 years mortgages are timed to coincide with retirement. |
dkf |
May-04-08 01:16 PM |
#16 |
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No. And, this is a stupid thread. |
Midlodemocrat |
May-04-08 01:17 PM |
#17 |
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one of the worst ideas i've seen here in awhile---and that's sayin something! |
chimpsrsmarter |
May-04-08 01:18 PM |
#19 |
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Seriously. Let's just tax everyone for everything they have or |
Midlodemocrat |
May-04-08 01:21 PM |
#23 |
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No, and here's why |
Warpy |
May-04-08 01:17 PM |
#18 |
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I'm not particularly lucky, don't have a large income and am not wealthy. |
Vinca |
May-04-08 01:20 PM |
#21 |
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What form would such a tax take? You mean if your home is larger than |
whistle |
May-04-08 01:21 PM |
#22 |
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I was thinking it would be based on the value of the home |
orangerevolution |
May-04-08 01:22 PM |
#24 |
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are you going to answer why it's just homeowners that are paying the extra tax? |
chimpsrsmarter |
May-04-08 01:24 PM |
#25 |
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homeowners or property owners. |
orangerevolution |
May-04-08 01:28 PM |
#29 |
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do you own anything, a car, a house, a bike or clothing? |
chimpsrsmarter |
May-04-08 01:30 PM |
#33 |
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car yes, bike no, clothing yes, house yes. |
orangerevolution |
May-04-08 01:34 PM |
#39 |
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I have a boat - no wealth tax on that, just property tax. |
Midlodemocrat |
May-04-08 01:35 PM |
#40 |
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then based on your own proposal you should pay and extra on your car above and beyond |
chimpsrsmarter |
May-04-08 01:39 PM |
#45 |
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Holy Crap! Now I have to pay tax on my CLOTHES???? |
Midlodemocrat |
May-04-08 01:44 PM |
#52 |
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Depending on how people look naked... |
DuStrange |
May-04-08 02:29 PM |
#75 |
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Why not on bikes? |
smoogatz |
May-04-08 01:46 PM |
#53 |
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You asked if i OWNED those things. n/t |
orangerevolution |
May-04-08 02:37 PM |
#80 |
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That is a shockingly ignorant post. |
Midlodemocrat |
May-04-08 01:33 PM |
#37 |
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I assume that you have never been a home owner |
Lorien |
May-04-08 03:41 PM |
#106 |
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He is probably still living at home with mom and dad |
Retired AF Dem |
May-04-08 01:32 PM |
#36 |
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Wrong on both accounts |
orangerevolution |
May-04-08 01:39 PM |
#46 |
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Are you actually under the impression that all homeowners are wealthy? |
chimpsrsmarter |
May-04-08 01:41 PM |
#49 |
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Let me let you in on a little secret. |
Midlodemocrat |
May-04-08 01:46 PM |
#54 |
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Especially if you just bought the damn thing and have very little equity. |
smoogatz |
May-04-08 01:48 PM |
#55 |
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I have neighbors who have bought houses that sold for |
Midlodemocrat |
May-04-08 01:50 PM |
#58 |
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Lordy. |
smoogatz |
May-04-08 01:54 PM |
#59 |
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If I told you what my mortgage is on my |
Midlodemocrat |
May-04-08 01:58 PM |
#61 |
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Hey, Midlo,I worked in the nonprofit world for 32 years and was in Development the last 20. |
CTyankee |
May-04-08 02:43 PM |
#86 |
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Between my military retirement pay |
Retired AF Dem |
May-04-08 01:57 PM |
#60 |
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Wealth is based on net worth what one owns verses what one owes |
whistle |
May-04-08 02:34 PM |
#77 |
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my home was appraised at |
dawgman |
May-04-08 03:23 PM |
#97 |
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Yes. By definition you are wealthy. |
orangerevolution |
May-04-08 03:40 PM |
#104 |
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LOL! You do realize that true "wealth" in America starts at $460,000 per |
Lorien |
May-04-08 03:46 PM |
#112 |
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This would consider the house value |
orangerevolution |
May-04-08 03:58 PM |
#125 |
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For many, it also requires a certain amount of hard work |
hughee99 |
May-04-08 01:27 PM |
#27 |
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So as long as you're in debt, you can avoid taxes, huh? |
Dreamer Tatum |
May-04-08 01:28 PM |
#28 |
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Isn't that the notion behind tax deductions for mortgage interest? |
ThomWV |
May-04-08 01:36 PM |
#42 |
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You don't get your money back on a dollar-for-dollar basis |
Dreamer Tatum |
May-04-08 01:40 PM |
#47 |
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No, you don't - but if you pay off your debt you get nothing at all. Sounds like subsidized debt. |
ThomWV |
May-04-08 03:25 PM |
#98 |
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Taxing based on lack of debt? |
flvegan |
May-04-08 01:30 PM |
#32 |
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No.. |
Luminous Animal |
May-04-08 01:31 PM |
#34 |
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yeah. |
nebenaube |
May-04-08 01:49 PM |
#56 |
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Why should I, |
Luminous Animal |
May-04-08 02:26 PM |
#72 |
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Why should I, as a landlord, be bothered to provide you shelter? |
Ikonoklast |
May-04-08 04:29 PM |
#135 |
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Property taxes I pay for the value |
Catchawave |
May-04-08 01:34 PM |
#38 |
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No! |
fed_up_mother |
May-04-08 01:36 PM |
#41 |
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Large Wealth & Luck??? How About Hard Work And Saving... |
KharmaTrain |
May-04-08 01:37 PM |
#44 |
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Our mortgage payment is less than it costs |
Fumesucker |
May-04-08 01:40 PM |
#48 |
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Faulty premise. |
Lex |
May-04-08 01:50 PM |
#57 |
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I would favor a renters tax - just because I'm tired of home |
Hangingon |
May-04-08 02:01 PM |
#62 |
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I don't understand it. I thought owning |
Midlodemocrat |
May-04-08 02:03 PM |
#63 |
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Amen. But I keep seeing digs at home owners here. |
Hangingon |
May-04-08 02:20 PM |
#70 |
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there should be a tax on that. |
chimpsrsmarter |
May-04-08 02:23 PM |
#71 |
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Now there mere act of making a house payment makes you a fat cat |
Dreamer Tatum |
May-04-08 02:42 PM |
#84 |
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I think that digs like this are by |
Lorien |
May-04-08 03:50 PM |
#117 |
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Ah, Midlo, you forget who you're dealing with here.... |
GoneOffShore |
May-04-08 03:22 PM |
#96 |
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As a Progressive Democratic supporter |
orangerevolution |
May-04-08 03:53 PM |
#123 |
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I am not saying you cannot own a home |
orangerevolution |
May-04-08 03:50 PM |
#118 |
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Really? Always? |
Lorien |
May-04-08 03:53 PM |
#121 |
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I have asked earlier |
orangerevolution |
May-04-08 03:56 PM |
#124 |
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Boy, that will be news to a lot of people. |
Hangingon |
May-04-08 04:07 PM |
#133 |
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My mortgage payment is a little more than half my monthly income |
MindPilot |
May-04-08 02:08 PM |
#64 |
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Easier yet. Confiscate the house if it is too big or expensive |
Clear Blue Sky |
May-04-08 02:11 PM |
#65 |
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Luck, Lucky, Luck |
BigDaddy44 |
May-04-08 02:18 PM |
#66 |
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I would agree with that |
all that jazz |
May-04-08 02:19 PM |
#67 |
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I bought my first house when I was 21. |
MindPilot |
May-04-08 02:27 PM |
#73 |
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And that just shows that you would have been among the lucky |
all that jazz |
May-04-08 02:31 PM |
#76 |
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Just because the mortgage is paid off doesn't mean the expenses stop. |
GoneOffShore |
May-04-08 03:33 PM |
#101 |
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So you would punish hard work and thrift? nt |
hack89 |
May-04-08 04:01 PM |
#129 |
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Thanks! |
orangerevolution |
May-04-08 02:40 PM |
#82 |
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So you would go out of your way to discourage home ownership? |
GoneOffShore |
May-04-08 03:40 PM |
#105 |
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Thanks! |
orangerevolution |
May-04-08 02:40 PM |
#83 |
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It's called a property tax |
JerseygirlCT |
May-04-08 02:20 PM |
#68 |
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No, I already pay property taxes |
tammywammy |
May-04-08 02:27 PM |
#74 |
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No, or not the part the owner lives in regularly, at least |
bean fidhleir |
May-04-08 02:36 PM |
#79 |
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A few things are wrong with your assumptions. |
missb |
May-04-08 02:38 PM |
#81 |
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Your basic premises are all faulty. Luck has nothing to do with owning a house as |
msongs |
May-04-08 02:42 PM |
#85 |
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"To own....a house requires a certain amount of good luck, a large income, and wealth." |
WillowTree |
May-04-08 02:57 PM |
#87 |
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$300k, pretty good |
orangerevolution |
May-04-08 03:11 PM |
#89 |
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Other. |
WillowTree |
May-04-08 03:27 PM |
#100 |
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Ever hear the expression "house poor"? |
Retrograde |
May-04-08 03:03 PM |
#88 |
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I don't think so. |
dawgman |
May-04-08 03:20 PM |
#94 |
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Houses handed down from generations |
orangerevolution |
May-04-08 03:44 PM |
#109 |
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I posted this up thread - but this idea deserves this again. |
GoneOffShore |
May-04-08 03:42 PM |
#107 |
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Luck? LUCK??? |
2hip |
May-04-08 03:43 PM |
#108 |
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It's clearly luck |
tammywammy |
May-04-08 03:46 PM |
#111 |
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the property owner would be the only one taxed |
orangerevolution |
May-04-08 03:49 PM |
#115 |
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And you don't think that cost would be passed on to renters? |
tammywammy |
May-04-08 03:51 PM |
#119 |
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The law would be written |
orangerevolution |
May-04-08 04:00 PM |
#128 |
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That is great! |
orangerevolution |
May-04-08 03:47 PM |
#113 |
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It's called property taxes |
tammywammy |
May-04-08 03:52 PM |
#120 |
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This wealth tax |
orangerevolution |
May-04-08 04:02 PM |
#130 |
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Yes, and I pay quite a bit in property taxes already |
tammywammy |
May-04-08 04:06 PM |
#132 |
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ummm... no. |
crimsonblue |
May-04-08 03:48 PM |
#114 |
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I always felt that people who owned more than one residence, |
Cleita |
May-04-08 03:49 PM |
#116 |
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we have it already. It's called property tax. |
electron_blue |
May-04-08 03:53 PM |
#122 |
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Only if the house costs more than $2 million |
diane in sf |
May-04-08 03:59 PM |
#126 |
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How about an increasingly steep tax, starting on homes after the first |
DireStrike |
May-04-08 03:59 PM |
#127 |
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I just finished reading this thread |
reformedrethug |
May-04-08 04:24 PM |
#134 |
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locking |
maddezmom |
May-04-08 04:37 PM |
#137 |