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Re: Wealth tax

June 26th, 2017, 6:38 pm

No, you've both got a sense of humour and can take anything thrown at you!
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Re: Wealth tax

June 27th, 2017, 9:16 pm

Paul wrote:
No, you've both got a sense of humour and can take anything thrown at you!

I wonder; what about an upper-left cut? Don't think that's nice!

“Sir Walter Scott created rank & caste in the South and also reverence for and pride and pleasure in them"

Mark Twain
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Re: Wealth tax

December 5th, 2017, 3:19 pm

In many areas of the US (eg, Oregon), property taxes are local taxes paying for schools, city police, fire, roads, administration, and most of these levys are voted on seperately for each school district , fire district, ... And they do get voted down if the voters dont think it's good value for money. Since the quality of public services relate to the property value, most people are ok with it. But the part of the tax which is state wide (or country wide!) has little visible connection to the community, let alone the property in question, which makes it just another source of revenue. Worse, in many places it's based on the "highest use" of the property ... which means if you have a farm that could be subdivided into schlock housing lots which would be worth more money, the tax is on the latter value

PW by JB has been "Serving the Quantitative Finance Community" since 2001. Continued...



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