Jun 6, 2023
10:03:47am
10:03:47am
About $73B in property taxes and only $42B or so in sales taxes at 6.25%. So yes
Sales taxes would become the highest in the country
However I suspect it would be staggered so they hotel and restaurant taxes are higher and food is lower. Other goods and services in the middle
In addition they could tax services as well that aren’t normally taxed. Legal, accounting, asset purchases. Another example is changing the RE laws to something like Europe has. Fees to buy and sell are fixed at 6-%. The RE industry gets 3% to split between agents and brokers. The state gets a 3% transaction tax on the sale price of the property
However I suspect it would be staggered so they hotel and restaurant taxes are higher and food is lower. Other goods and services in the middle
In addition they could tax services as well that aren’t normally taxed. Legal, accounting, asset purchases. Another example is changing the RE laws to something like Europe has. Fees to buy and sell are fixed at 6-%. The RE industry gets 3% to split between agents and brokers. The state gets a 3% transaction tax on the sale price of the property
- Previous username
- TXSmith
- Bio page
- Nat Gas Man
- Joined
- Apr 28, 2010
- Last login
- Aug 23, 2023
- Total posts
- 53,749 (638 FO)
Messages
Time
6/5/23 10:56pm
As a libertarian, property tax IMO is the most heinous form of taxation. In practice, it makes all property owners mere
6/5/23 11:00pm
6/5/23 11:46pm
6/6/23 6:50pm
6/6/23 7:57pm
6/6/23 4:04am
6/6/23 7:39am
6/5/23 11:24pm
6/6/23 8:14am
6/5/23 11:01pm
6/6/23 6:27am
6/5/23 11:30pm