Well hopefully you've saved enough money to be able to ride out a year or so of property tax payments and will be able to secure another source of income. If not, you can always sell the house, right? You could also try the ag exempt route for lower rates if it's that big of a concern.
if you fear the government i would think it more sensible to fear a system where the government can seize your property than one where the government can only share in your sucess if you reach a certain threshold.
If Lehman had a life insurance subsidiary, then the annuity holders would have gotten something, precisely because the way in which assets are held against annuity contracts. As proof of this, go look at what happened to AIG annuity holders vs. other AIG creditors. The AIG life insurance subsidiaries never missed a payment to its annuity holders. If you mean Lehman bond holders were ruined, please never direct a comment to me again because you don't even understand the difference between a bond and an annuity and I don't have the kind of time necessary to teach these things to you. Thanks.
Are you saying wealth should not grow? Or that 6.15% a year is too high? 8 x (1+.0615)^27 = 40.08 just curious as to taxes, you might want to check http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=456 top 5%.............paid 27.9% bottom 20%.....paid 4% In 1985, top 5%.....................25.4% bottom 20%...............9.8%
Well, I was specifically commenting on compensation cost differentials between the public and private sector. In some anecdotal instances I've heard of regarding privatization, the entity which takes over the service ends up investing capital up-front to improve overall service levels, so comparing the cost after those capital investments to the cost before wouldn't be apples-to-apples, but if the compensation differential were true, at least labor cost as a proportion of overall cost would be lower. One thing I'm thinking of is privatized water services, where the private entity installed lots of new pipes and filters to improve overall water delivery and quality. You'd have to account for that capital outlay in pricing the new water rates. Now, could companies overstate how much capital they outlay and charge more than they deserved to get? Yes, that's entirely possible, but those rates are reviewed by political appointees before approval and the companies have to be pretty transparent about the drivers of the rate increase request. Even if the cost were higher, in this case, I don't consider that "hedonics" because actual capital was outlaid for improvements, which is not as subjective as the "hedonics" calculation is.
It is very easy to get confused and misled because of all the different kind of taxes paid by U.S. citizens. I assume those numbers above are for income tax but what is in the denominator? Is it AGI? Total of all kinds of taxes paid as a percent of income tends to be highest at the lowest levels of income, and some of these folks pay no income tax at all -- it's all refunded..
Politicians without the privilege of ear marks and granting beneficial treatment to donors are powerless. Any tax reform will be contingent on their continued ability to wield power and influence. Our Tax code documents many bribes paid to influence laws. Not sure how amazon making a donation and receiving a sales tax or federal tax break is not construed as a bribe and kickback scheme.
i seeyou are not as smart as you think you are. what do you do sucker people into annuities for a living?
Because they can't seize your property for non-payment of income tax? Clearly we don't agree on this, I've lived in both types of states and for my personal situation I vastly prefer no income tax, if you feel the other way you should probably move. Keep in mind also that the "threshold" of success seems to creep ever downward and the government's share only grows in an income tax model.