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dawgman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 03:23 PM
Response to Reply #24
97. my home was appraised at
$360,000 but it is 830 sq ft. and two bedrooms. Should I have to pay? Especially if I originally paid $250,000?
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  -Should there be a wealth tax on home ownership? orangerevolution  May-04-08 01:06 PM   #0 
  - No. You've paid for the damn house and you continue to pay property taxes.  gateley   May-04-08 01:08 PM   #1 
  - Not a fan of the hate-the-rich thing that's popular on DU....  BlooInBloo   May-04-08 01:08 PM   #2 
  - I'm a big fan of the hate-the-rich thing.  Tandalayo_Scheisskopf   May-04-08 02:20 PM   #69 
     - What is the rate on capital gains? It should be at least as high as  annabanana   May-04-08 02:35 PM   #78 
        - Working hard with your hands or your mind  orangerevolution   May-04-08 03:14 PM   #90 
  - There already is..  sendero   May-04-08 01:09 PM   #3 
  - Above and beyond property taxes  orangerevolution   May-04-08 01:12 PM   #8 
     - are you going to assess and equal tax on renters?  chimpsrsmarter   May-04-08 01:14 PM   #11 
     - The tax would be assesed to the property owners only.  orangerevolution   May-04-08 01:19 PM   #20 
        - 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   # 
        - Do you really believe what you are saying?  Midlodemocrat   May-04-08 01:29 PM   #31 
     - Have you ever owned a house?  Mojorabbit   May-04-08 01:37 PM   #43 
        - you had to build up some sort of down payment  orangerevolution   May-04-08 03:20 PM   #93 
           - No you don't  tammywammy   May-04-08 03:36 PM   #102 
              - But the house has a value  orangerevolution   May-04-08 03:38 PM   #103 
                 - Yes, so I might as well go back to renting  tammywammy   May-04-08 03:44 PM   #110 
                    - If someone is able to have wealth in a house  orangerevolution   May-04-08 04:04 PM   #131 
  - there's already a property tax based on value of the house  pitohui   May-04-08 01:10 PM   #4 
  - If a house value increases over time  orangerevolution   May-04-08 03:21 PM   #95 
     - what income?  mitchtv   May-04-08 04:32 PM   #136 
  - There already is. It's called "property tax."  smoogatz   May-04-08 01:10 PM   #5 
  - Welcome to DU.  peace13   May-04-08 01:12 PM   #6 
  - Are you for real ?  Trajan   May-04-08 01:12 PM   #7 
  - so now you want to impose a punishment for owning a home? A large income?  chimpsrsmarter   May-04-08 01:12 PM   #9 
  - this tax is not a punishment.  orangerevolution   May-04-08 01:27 PM   #26 
     - What if said homeowner's didn't have children in that school system?  Midlodemocrat   May-04-08 01:29 PM   #30 
     - It happens today with the property tax  orangerevolution   May-04-08 03:17 PM   #92 
     - so renters don't use the school system?  chimpsrsmarter   May-04-08 01:32 PM   #35 
     - What do you think property taxes are for?  polmaven   May-04-08 01:44 PM   #51 
        - It goes to multiple uses  orangerevolution   May-04-08 03:15 PM   #91 
  - Guess you never heard of real estate taxes, which are assessed  Sinistrous   May-04-08 01:13 PM   #10 
  - 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 
  - Many homes may have been handed down from previous generations ...  lpbk2713   May-04-08 01:14 PM   #13 
  - Irrelevant to the plan  orangerevolution   May-04-08 03:25 PM   #99 
  - Real estate taxes are the vehicle for that.  Gormy Cuss   May-04-08 01:14 PM   #14 
  - This is a tax in addition to the property tax  orangerevolution   May-04-08 01:16 PM   #15 
  - In most states, property taxes are used to fund the schools.  smoogatz   May-04-08 01:42 PM   #50 
  - 30 years mortgages are timed to coincide with retirement.  dkf   May-04-08 01:16 PM   #16 
  - No. And, this is a stupid thread.  Midlodemocrat   May-04-08 01:17 PM   #17 
  - one of the worst ideas i've seen here in awhile---and that's sayin something!  chimpsrsmarter   May-04-08 01:18 PM   #19 
     - Seriously. Let's just tax everyone for everything they have or  Midlodemocrat   May-04-08 01:21 PM   #23 
  - No, and here's why  Warpy   May-04-08 01:17 PM   #18 
  - I'm not particularly lucky, don't have a large income and am not wealthy.  Vinca   May-04-08 01:20 PM   #21 
  - What form would such a tax take? You mean if your home is larger than  whistle   May-04-08 01:21 PM   #22 
  - I was thinking it would be based on the value of the home  orangerevolution   May-04-08 01:22 PM   #24 
     - are you going to answer why it's just homeowners that are paying the extra tax?  chimpsrsmarter   May-04-08 01:24 PM   #25 
     - homeowners or property owners.  orangerevolution   May-04-08 01:28 PM   #29 
     - do you own anything, a car, a house, a bike or clothing?  chimpsrsmarter   May-04-08 01:30 PM   #33 
     - car yes, bike no, clothing yes, house yes.  orangerevolution   May-04-08 01:34 PM   #39 
        - I have a boat - no wealth tax on that, just property tax.  Midlodemocrat   May-04-08 01:35 PM   #40 
        - 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 
        - Holy Crap! Now I have to pay tax on my CLOTHES????  Midlodemocrat   May-04-08 01:44 PM   #52 
           - Depending on how people look naked...  DuStrange   May-04-08 02:29 PM   #75 
        - Why not on bikes?  smoogatz   May-04-08 01:46 PM   #53 
           - You asked if i OWNED those things. n/t  orangerevolution   May-04-08 02:37 PM   #80 
     - That is a shockingly ignorant post.  Midlodemocrat   May-04-08 01:33 PM   #37 
     - I assume that you have never been a home owner  Lorien   May-04-08 03:41 PM   #106 
     - He is probably still living at home with mom and dad  Retired AF Dem   May-04-08 01:32 PM   #36 
        - Wrong on both accounts  orangerevolution   May-04-08 01:39 PM   #46 
           - Are you actually under the impression that all homeowners are wealthy?  chimpsrsmarter   May-04-08 01:41 PM   #49 
           - Let me let you in on a little secret.  Midlodemocrat   May-04-08 01:46 PM   #54 
           - Especially if you just bought the damn thing and have very little equity.  smoogatz   May-04-08 01:48 PM   #55 
           - I have neighbors who have bought houses that sold for  Midlodemocrat   May-04-08 01:50 PM   #58 
              - Lordy.  smoogatz   May-04-08 01:54 PM   #59 
                 - If I told you what my mortgage is on my  Midlodemocrat   May-04-08 01:58 PM   #61 
           - 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 
           - Between my military retirement pay  Retired AF Dem   May-04-08 01:57 PM   #60 
           - Wealth is based on net worth what one owns verses what one owes  whistle   May-04-08 02:34 PM   #77 
     - my home was appraised at  dawgman   May-04-08 03:23 PM   #97 
        - Yes. By definition you are wealthy.  orangerevolution   May-04-08 03:40 PM   #104 
           - LOL! You do realize that true "wealth" in America starts at $460,000 per  Lorien   May-04-08 03:46 PM   #112 
              - This would consider the house value  orangerevolution   May-04-08 03:58 PM   #125 
  - For many, it also requires a certain amount of hard work  hughee99   May-04-08 01:27 PM   #27 
  - So as long as you're in debt, you can avoid taxes, huh?  Dreamer Tatum   May-04-08 01:28 PM   #28 
  - Isn't that the notion behind tax deductions for mortgage interest?  ThomWV   May-04-08 01:36 PM   #42 
     - You don't get your money back on a dollar-for-dollar basis  Dreamer Tatum   May-04-08 01:40 PM   #47 
        - 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 
  - Taxing based on lack of debt?  flvegan   May-04-08 01:30 PM   #32 
  - No..  Luminous Animal   May-04-08 01:31 PM   #34 
  - yeah.  nebenaube   May-04-08 01:49 PM   #56 
     - Why should I,  Luminous Animal   May-04-08 02:26 PM   #72 
        - Why should I, as a landlord, be bothered to provide you shelter?  Ikonoklast   May-04-08 04:29 PM   #135 
  - Property taxes I pay for the value  Catchawave   May-04-08 01:34 PM   #38 
  - No!  fed_up_mother   May-04-08 01:36 PM   #41 
  - Large Wealth & Luck??? How About Hard Work And Saving...  KharmaTrain   May-04-08 01:37 PM   #44 
  - Our mortgage payment is less than it costs  Fumesucker   May-04-08 01:40 PM   #48 
  - Faulty premise.  Lex   May-04-08 01:50 PM   #57 
  - I would favor a renters tax - just because I'm tired of home  Hangingon   May-04-08 02:01 PM   #62 
  - I don't understand it. I thought owning  Midlodemocrat   May-04-08 02:03 PM   #63 
     - Amen. But I keep seeing digs at home owners here.  Hangingon   May-04-08 02:20 PM   #70 
     - there should be a tax on that.  chimpsrsmarter   May-04-08 02:23 PM   #71 
     - Now there mere act of making a house payment makes you a fat cat  Dreamer Tatum   May-04-08 02:42 PM   #84 
     - I think that digs like this are by  Lorien   May-04-08 03:50 PM   #117 
     - Ah, Midlo, you forget who you're dealing with here....  GoneOffShore   May-04-08 03:22 PM   #96 
     - As a Progressive Democratic supporter  orangerevolution   May-04-08 03:53 PM   #123 
     - I am not saying you cannot own a home  orangerevolution   May-04-08 03:50 PM   #118 
        - Really? Always?  Lorien   May-04-08 03:53 PM   #121 
        - I have asked earlier  orangerevolution   May-04-08 03:56 PM   #124 
        - Boy, that will be news to a lot of people.  Hangingon   May-04-08 04:07 PM   #133 
  - My mortgage payment is a little more than half my monthly income  MindPilot   May-04-08 02:08 PM   #64 
  - Easier yet. Confiscate the house if it is too big or expensive  Clear Blue Sky   May-04-08 02:11 PM   #65 
  - Luck, Lucky, Luck  BigDaddy44   May-04-08 02:18 PM   #66 
  - I would agree with that  all that jazz   May-04-08 02:19 PM   #67 
  - I bought my first house when I was 21.  MindPilot   May-04-08 02:27 PM   #73 
  - And that just shows that you would have been among the lucky  all that jazz   May-04-08 02:31 PM   #76 
     - Just because the mortgage is paid off doesn't mean the expenses stop.  GoneOffShore   May-04-08 03:33 PM   #101 
     - So you would punish hard work and thrift? nt  hack89   May-04-08 04:01 PM   #129 
  - Thanks!  orangerevolution   May-04-08 02:40 PM   #82 
  - So you would go out of your way to discourage home ownership?  GoneOffShore   May-04-08 03:40 PM   #105 
  - Thanks!  orangerevolution   May-04-08 02:40 PM   #83 
  - It's called a property tax  JerseygirlCT   May-04-08 02:20 PM   #68 
  - No, I already pay property taxes  tammywammy   May-04-08 02:27 PM   #74 
  - No, or not the part the owner lives in regularly, at least  bean fidhleir   May-04-08 02:36 PM   #79 
  - A few things are wrong with your assumptions.  missb   May-04-08 02:38 PM   #81 
  - Your basic premises are all faulty. Luck has nothing to do with owning a house as  msongs   May-04-08 02:42 PM   #85 
  - "To own....a house requires a certain amount of good luck, a large income, and wealth."  WillowTree   May-04-08 02:57 PM   #87 
  - $300k, pretty good  orangerevolution   May-04-08 03:11 PM   #89 
     - Other.  WillowTree   May-04-08 03:27 PM   #100 
  - Ever hear the expression "house poor"?  Retrograde   May-04-08 03:03 PM   #88 
  - I don't think so.  dawgman   May-04-08 03:20 PM   #94 
  - Houses handed down from generations  orangerevolution   May-04-08 03:44 PM   #109 
  - I posted this up thread - but this idea deserves this again.  GoneOffShore   May-04-08 03:42 PM   #107 
  - Luck? LUCK???  2hip   May-04-08 03:43 PM   #108 
  - It's clearly luck  tammywammy   May-04-08 03:46 PM   #111 
  - the property owner would be the only one taxed  orangerevolution   May-04-08 03:49 PM   #115 
     - And you don't think that cost would be passed on to renters?  tammywammy   May-04-08 03:51 PM   #119 
        - The law would be written  orangerevolution   May-04-08 04:00 PM   #128 
  - That is great!  orangerevolution   May-04-08 03:47 PM   #113 
     - It's called property taxes  tammywammy   May-04-08 03:52 PM   #120 
        - This wealth tax  orangerevolution   May-04-08 04:02 PM   #130 
           - Yes, and I pay quite a bit in property taxes already  tammywammy   May-04-08 04:06 PM   #132 
  - ummm... no.  crimsonblue   May-04-08 03:48 PM   #114 
  - I always felt that people who owned more than one residence,  Cleita   May-04-08 03:49 PM   #116 
  - we have it already. It's called property tax.  electron_blue   May-04-08 03:53 PM   #122 
  - Only if the house costs more than $2 million  diane in sf   May-04-08 03:59 PM   #126 
  - How about an increasingly steep tax, starting on homes after the first  DireStrike   May-04-08 03:59 PM   #127 
  - I just finished reading this thread  reformedrethug   May-04-08 04:24 PM   #134 
  - locking  maddezmom   May-04-08 04:37 PM   #137 
 

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