smoogatz
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Sun May-04-08 01:46 PM
Response to Reply #39 |
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In North Carolina, among other states I'm sure, you pay property tax on the total value of all your possessions, including dogs. If you want the rich to pay more taxes, then why not just re-set their tax rates back to Clinton-era levels and leave it at that? They already pay sales tax on clothes, cars, etc., and property tax on homes.
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| -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 |
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