I consider it is a Personal Property Tax which a little states do. You know profitable taxs each year upon a boat, car, atv, seadoo, etc… we meant we already paid sales taxation because do this junk?
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Comments: 7 comments
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CompLLC
December 27th, 2009 at 9:06 am
The Alternative Minimum Tax is never adjusted for inflation and snags people who are not in the high wealth categories but in the Upper/High wealth categories. Also, the federal and state tax systems should be overhauled with a National and State sales taxes to replace our current (corrupt) tax system.
PepsiLime
December 27th, 2009 at 9:06 am
I’d say the Alt-Min tax. Congress never updates it, so it snags more and more people each year that the Alt-Min tax was never intended to snag.
Mathew
December 27th, 2009 at 9:06 am
The Alt-min tax is rather unfair because it has not been adjusted for inflation. It no longer accomplishes it’s original purpose but does reach into the pocket of lots of people.
kat
December 27th, 2009 at 9:06 am
Property tax. I know people who pay $16,000 a year on a tiny house on tiny property in a working class town. Some first time homebuyers can’t afford to buy, not because the price of the house is too high, but because the propery tax puts it out of their reach!
brewer_engineer
December 27th, 2009 at 9:06 am
Under our current system, the working middle class will always pay the bulk of governmental costs. The rich have many loopholes, and the cost doesn’t matter as much. The poor have little money to pay.
I believe a more equitable system would be to impose State and National sales taxes on all goods. A lower tax on food items would be helpfull here. Make this tax a flat rate (hell, even upwards of 20% and I’d be happy). Make the tax on food items 2%.
Consumers would then pay all of government’s costs. Those that purchase more goods would pay more. Those that purchase less goods would pay less. No loopholes.
Funny, this type of system might make more people save more money for retirement, instead of constantly spending.
mumof4_2002
December 27th, 2009 at 9:06 am
In PA we have the Death Tax…someone try explaining that one to me.
little miss
December 27th, 2009 at 9:06 am
I agree it is the personal property tax that I have to pay yearly. I pay it over and over on the same items. I rhink when i buy the item and pay taxes then that should be enough. Personal items bought in other states I lived in have to be declared in my current state of residence.
Some items I have long enough that I’m paying more the original cost for taxes each year. Can’t the states find a better way of getting our hard-earned money?
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