Wealth tax, how would it work?

[Swany00]

Originally Posted by Raazor

Is Ross Perot back?

he's still dead

[Bill]

Originally Posted by Raazor

Is Ross Perot back?

Originally Posted by Swany00

he's still absolutely correct about everything.

This.

[roadpilot]

Wealth tax?
Who is kidding who? The middle class has always carried the freight.
We are the ones that really pay the tax.

[Mick]

Originally Posted by Onebadcad

FL primary and homesteaded residence restrict assessement increase to 3.00% annually.
Of course there is no cap on the increase of millage rates--your county and city and school board regularly exceed a 3.00% annual millage rate increase.

Your non-ad valorem items can be as many as they want, I have four, all four total $1,000 in 2023, THIS IS THE NEW FRAUD IN TAX SCREWING!!

Florida currently has ad valorem taxed items other than real estate? Like what?

[Craig]

Originally Posted by roadpilot

Wealth tax?
Who is kidding who? The middle class has always carried the freight.
We are the ones that really pay the tax.

Sorry, but that’s nonsense. The top 1% of earners account for 40% of tax revenue collected.

[roadpilot]

Originally Posted by Craig

Sorry, but that’s nonsense. The top 1% of earners account for 40% of tax revenue collected.

More BS , 40%? I wish I could pay a room full of accounts to find a way to
beat the IRS.
Cavet...I dont believe anyone should be paying personal income tax.
They said ..Its just temporary. Right.

[Yadkin]

Originally Posted by GTOguy

They are trying to do this in CA with real estate. A house I bought almost 30 years ago for under 200k would be taxed at what it's current market price would be, even if not sold. Yearly. My annual property tax would go from $6000 to about $35,000 per year. All for nothing.

My house in NC is currently about $3200/ year. I expect it to go up a little with the addition.

[Yadkin]

Originally Posted by Aerovette

My house is always taxed at the current value. Value goes up, taxes go up.

Why? Shouldn't taxes reflect what services that GovCo performs?

[Craig]

Originally Posted by roadpilot

More BS , 40%? I wish I could pay a room full of accounts to find a way to
beat the IRS.
Cavet...I dont believe anyone should be paying personal income tax.
They said ..Its just temporary. Right.

It’s not BS.

https://taxfoundation.org/data/all/f...a-2023-update/

[LATB]

Some of yawl are getting it in the pooper with these taxes.

[Craig]

Originally Posted by LATB

Some of yawl are getting it in the pooper with these taxes.

I’m not; haven’t given them a penny since I retired four years ago.