There's been a ton of solutions proposed. Like a true cap at 1% on original purchase price. Not 1% on ever changing growing assesed value. Cutting over bloated state and local govts to compensate for going back to 1% cap. Bob proposed alot of good solutions too.
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Be sure to read this post! Beware of scammers. https://www.indianagunowners.com/threads/classifieds-new-online-payment-guidelines-rules-paypal-venmo-zelle-etc.511734/
I just luv gubmint
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oh some of us have known for decades.
For what it's worth, I agree with you.
What they should do is stop assessing property tax, and start making renters pay sales tax.
In FL, where my brother lives, there is a system of being able to bank some of that and apply it to a purchase of a different property. I'm not at all versed in how it works, but there are places that do have some kind of adjustment for that.
I suppose your cell phone company pays the telecommunications taxes? Nope they pass it along. I suppose the tire shop pays the tire tax? Nope they pass it along. There are hundreds of specific taxes that are passed on and paid for by the end user though government actually collects that money from an intermediary. Only one party in a rental agreement brings cash to pay for anything, the tenant…
Sales tax is applied to much more than just "sales".
If it makes you happy though, you can call it whatever you like.
HEY, some of us poor bastards just fix the computers!
I'm not sure what you are saying.
So you're saying a landlord will take a hit on what they earn due to property taxes going up and not pass it along to a tenant?
Do those “expenses” not get passed on to the tenant? Are you implying that landlords pay taxes and do not collect that “expense” from the tenant?
Best joke I've read all week!
Amazing how many folks don't understand how the world works...
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