posted on Jan, 8 2013 @ 04:19 AM
Just as the property taxes trippled before the housing bubble burst, by way of sucjering home owners into refinancing at "lower rate" or to get some
I may be wrong, but It seems 10% is max if you live in the home. That is, max property tax increase from purchase price.
So as many refinanced, their taxes were inflated costing more than just leaving the mortgage alone.
How do you think B43 managed to increase tax revenues while funding war to the hilt?
Now, with most out of home ownership, the forclosures are tapped for insurance then bought back at auction for pennys.
Many without a home, or jobs for as much as 20-25% (in my calculation) of unlemployed, as well as home owners who are still making ends meet,
but with the three kids. the dog and higher gas and utilities, You can keep your whole check and pay massive taxes on merchandise and food. Then,
when you see that there is no gain, but in reality, the dollars are not going as far as before,. even with the wacky-massive code that exists.
And to top it off, no matching funds to your soc. sec. and medicare, and even worse,
No child credits!
Add 23% to the already heavily taxed tobacco and luxury items industries.
You didn't think the tax already attached would be exchanged? NO it most likely will be added on top of existing.
They are clever that way.