Property Taxes: The Road to American Serfdom


	Property Taxes: The Road to American Serfdom

DMCourt

4-27-2007 1:23 AM

268 views

tags:

tax, property tax, serfdom

DMCourt says:

"Compounding the issue is the regressive nature of property taxes, placing a disproportionate burden on those with less disposable income."

How true, though we do need to help pay for roads, police, fire departments, etc. Wonder if there's an alternative. The article doesn't propose any.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/634de69f-3afd-4d2d-b14d-388403bf7a7f/446E198F-C6DB-4A00-9555-438E04925ADD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/" href="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/" style="font-size: 11px;">www.theacru.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/">It is often said, and correctly so, that the hallmark of the American dream is homeownership.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/">Overall, since 2004 and according to government figures, the rate of U.S. homeownership is just over 69 percent -- an all time high.  Minority homeownership has eclipsed 50 percent for the first time.  For many (most?) Americans, homeownership is the principle vehicle for building wealth.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/"><P>So, most of us own our homes.  </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/"><P><EM>Or do we?</EM></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/"><P>The fundamental nature of property taxes means that "homeowners" are forever in debt to the government or governments that demand that tax.  You may pay off 100 percent of your mortgage to the bank and thus "own" your home outright, but you can never pay off the tax collector.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/">You buy a house (or a car, here in Virginia) and you have all sorts of taxes that come out of the initial purchase.  And <EM>then</EM> you will be taxed again on that same purchase in perpetuity, for every year after based on its assessed value.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theacru.org/blog/2007/04/property_taxes_the_road_to_american_serfdom/">the property taxes you and I pay are really <EM>rental</EM> payments.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/446E198F-C6DB-4A00-9555-438E04925ADD/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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