reply to post by ExistenceUnknown
My friend is a cpa and I complain about this all the time to her.
Everything seems to be double and triple taxed or more.
I said for example: I buy a new car, I pay taxes on it. If someone else buys it, they pay taxes on it. I said that same car gets taxed every time it
is sold.
I said when you earn an income, you get taxed on it. If someone inherits it, they get taxed on it.
I think property tax should be a one time deal. Just like any other item, since you only buy a property once.
Just like social security. You put in far more then you will ever get out, how is that even legal?
Yet if a bank borrows your money, they have to pay interest on it. So how is it you put in, don't get the same out, and you don't get any interest?