Property taxes rise again. What’s the reason: bureaucratic
pay scales in the public prisons schools. Ho hum, mulct the taxpayer even more.
Showing posts with label property tax. Show all posts
Showing posts with label property tax. Show all posts
Thursday, October 27, 2016
Thursday, July 28, 2016
The real reason why town rulers want improved businesses and homes
To extract more from the hapless taxpayer. Note a few salient features:
1. The government assessment is not a true market price. It is provided by a government contractor, i.e., a group that is paid by expropriation of the taxpayer.
2. Rising assessment means higher property tax (for the same rate). Why can't the property owner reap the full benefit of a higher capitalization of his home?
3. Property tax is the current version of feudal rents. We do not own our homes. Our town rulers do, and they let us stay there for a fee that they determine.
4. Rising budgets work hand-in-glove with rising property taxes. Increasing one provides incentive for increasing the other.
If people want tax relief, they need to realize that government spending must be slashed.
1. The government assessment is not a true market price. It is provided by a government contractor, i.e., a group that is paid by expropriation of the taxpayer.
2. Rising assessment means higher property tax (for the same rate). Why can't the property owner reap the full benefit of a higher capitalization of his home?
3. Property tax is the current version of feudal rents. We do not own our homes. Our town rulers do, and they let us stay there for a fee that they determine.
4. Rising budgets work hand-in-glove with rising property taxes. Increasing one provides incentive for increasing the other.
If people want tax relief, they need to realize that government spending must be slashed.
Wednesday, July 13, 2016
GBKC wants a tax break? Good for them!
They should get it. So should anyone who asks for it. The Exeter government should simply spend less. Aren't you tired of paying your rents to the Exeter bureaucrats, who claim to own all our property?
Joe Lessard, of the "assessing department," (which works hand in glove with the tax collectors), claims that they didn't have enough information. More importantly, he states
Joe Lessard, of the "assessing department," (which works hand in glove with the tax collectors), claims that they didn't have enough information. More importantly, he states
The reason we're thorough is that an exemption doesn't make taxes go away. It just shifts the taxes to someone else to pay.Completely wrong, Mr. Lessard. All you have to do is cut spending. Lessard's comment shows that the government will get their dues, whether we peons like it or not. You think your property is yours? Guess again.
Sunday, January 31, 2016
Par for the course: screw the taxpayer
Well, it looks like the Exeter government will continue to squeeze the taxpayer by not expanding the property tax exemption.
There is an argument that increased exemptions shift the burden of taxation to the younger population. This is completely wrong. An elderly person would simply be keeping his own money. The people who place the burden of taxation are those who collect the taxes. To say that some old person is somehow increasing a young person's taxes is shockingly misguided.
You can easily reduce the burden of taxation by cutting government spending. This is the only way. It's unfortunate to see all of those who support the continuing expropriation of private property and who ignore the underlying issue.
There is an argument that increased exemptions shift the burden of taxation to the younger population. This is completely wrong. An elderly person would simply be keeping his own money. The people who place the burden of taxation are those who collect the taxes. To say that some old person is somehow increasing a young person's taxes is shockingly misguided.
You can easily reduce the burden of taxation by cutting government spending. This is the only way. It's unfortunate to see all of those who support the continuing expropriation of private property and who ignore the underlying issue.
Tuesday, January 12, 2016
On who should pay taxes
A retiree is making the news by submitting a petition to make it easier to be exempt from property taxes. Good for him. He should get it. The best tax (and the only moral one) is no tax.
Unfortunately, the article frames this no brainer as debate: if an elderly person is exempt, then a younger person must pay more in taxes. Some person, Peter Francese, thinks it’s “wrong.” (We don’t know what he means by that. Is it immoral? Is it mistaken? Who knows?) He is seen as an authority on this topic because he tracks population and demographics, and he claims that this forces young people to “subsidize” old people.
He is completely wrong. In no way whatsoever does a tax cut for someone constitute a subsidy from another tax payer. If person A pays less in taxes, he is simply keeping his own money. To say that this is a subsidy is a blatant error of simple definitions.
What Francese must mean is that if old people do not pay as high a tax, young people must pay more to make up the difference. Why, oh why does Mr. Francese not entertain the simple solution: cut government spending? If he is so concerned about subsidies, he should (must) support cutting government spending. It is the receivers of government money who are being subsidized: the public schools, the police (and their pensions), town bureaucrats, public works, etc. Mr. Francese should support an end to the subsidies to these politically connected groups.
At the end of the day, all the talk about the numbers is irrelevant. Whether the exemptions are $50k or $60k is completely arbitrary and politically determined. Taxes and government spending can and should be cut, drastically. If you want to reduce the former, you must lower the latter.
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