Originally Posted By Sport Goofy << Not if the "tax lien certificate" program is used, as I described above. >> Most tax lien certificates are not put on the market by a government until the property is delinquent by at least a year in back taxes. So, there is still a lag in collections in environments where the foreclosure rate is very high. Issuing tax lien certificates cannot overcome local budget deficits when the rate of foreclosure continues to increase (as it has been doing for several years now). Only when the number of foreclosures begins to decline can municipalities and other local governments start to get ahead of the revenue problem.
Originally Posted By barboy2 ///So, there is still a lag in collections in environments where the foreclosure rate is very high. Issuing tax lien certificates cannot overcome local budget deficits when the rate of foreclosure continues to increase/// my favorite biproduct of the real estate market crash
Originally Posted By barboy2 Since I barely get any utility out of public monies naturally I love it when there are fewer taxes. Noticeably lower real estate taxes levied and ultimately collected is a most welcomed byproduct of the real estate crash. I had to fork over $28,000 and $27,000 in property taxes in '06 and '07 respectively---- those are 1 year wages for many people and it went down the toilet, such a complete waste of money. I don't have too much issue with income taxes since they are based on what people earn but property taxes never go away even if one had a negative income for a tax year. Property taxes are way, way too high as well as state sales taxes here in California.
Originally Posted By Kar2oonMan >>barely<< To borrow a phrase from Inigo Montoya, I do not think that word means what you think it means.
Originally Posted By plpeters70 <<Anyone know how much money was wasted on the debate and vote to repeal healthcare reform?>> That's what I was wondering too. And now the GOP is setting up committees to discuss what they can replace the law with - when they can't even truly repeal it. Talk about a waste of taxpayer money!!
Originally Posted By barboy2 .... I'm using 'barely' as in 'scarcely'. And who is Inigo Montoya? Is that Tony's nickname for his male part?--- """Say hello to my little friend"""
Originally Posted By Mr X ***Since I barely get any utility out of public monies*** You shouldn't. Nobody should, really. The larger point of taxation is to run A SOCIETY properly, meaning expensive preparations for the public good (and yes, this means paying for public education even if you don't have kids) which many will never be in need of. However, if you were to say suffer a home invasion in that expensive piece of property that is likely very tempting to criminals, and had to summon the police, you would no longer fall into the "barely" category. Right?
Originally Posted By Mr X ***I don't have too much issue with income taxes since they are based on what people earn but property taxes never go away even if one had a negative income for a tax year*** Another fallacy. Your property is an asset which requires public assistance in order to maintain (public works, trash removal, municipal water supplies etc., etc... If you lived totally off the grid, I might buy into your argument somewhat more (though not entirely, you still might need the police or fire dept., etc). Do you live off the grid, Barboy?
Originally Posted By barboy2 ///Your property is an asset which requires public assistance in order to maintain (public works, trash removal, municipal water supplies etc.,/// I pay trash and water & sewage (by the way you were correct in your assumption that I am not on well and septic) separately from property taxes so your example isn't too strong. And I have NEVER asked for police or fire assistance nor been rescued at sea by the US Coast Guard nor borrowed from public sources or received a public grant. I have never been employed in the public sector and I have not sent kids to school either. I have not spent time locked up or even been arrested. And I am not a candidate for aid to families with dependent children. Furthermore, I spend 60% of my time outside of the US. Like I said, I barely get any utility out of public monies and that is why I practice maximum tax avoidance; I am just loving the fact that counties are collecting far less now.
Originally Posted By queenbee However, you derive a lot benefit from having an orderly society, Barboy. In fact, you probably derive greater benefits from the current system than most people. You have more to protect.
Originally Posted By Mr X ***And I have NEVER asked for police or fire assistance nor been rescued at sea by the US Coast Guard nor borrowed from public sources or received a public grant*** Doesn't mean you never will. And besides, you don't need to *ask* for police or fire assistance, they take care of it whether you summon them or not, even if you're not around. How neat! And paid for, towards the common good, with your taxes.
Originally Posted By Mr X ***I practice maximum tax avoidance*** As long as it's legal, I have no problem with that. Nor with being pleased that your property taxes are going down. But you miss the irony completely. Your property VALUE has gone down right along with it! Bwahaha.
Originally Posted By barboy2 ///your property VALUE has gone down right along with it! Bwahaha./// That doesn't matter much to me since I plan on owning a place to live in this general region(northern Calif)from here until my end. Even if I were to sell, then that just means that as long as I stay in the general region whatever I buy would be just as cheap or just as expensive as what I am in now. Overall, I definitely would prefer if all residential values plummeted much further and pay less property taxes.
Originally Posted By fkurucz >>Overall, I definitely would prefer if all residential values plummeted much further and pay less property taxes.<< I think you will be getting your wish.
Originally Posted By davewasbaloo >>>Since I barely get any utility out of public monies naturally I love it when there are fewer taxes. Noticeably lower real estate taxes levied and ultimately collected is a most welcomed byproduct of the real estate crash.<<< That is complete and utter BS. Police safety, roads, garbage management, an educated young people to take care of you when you are old, defence, support to the economy, your own early education, nicer environment with less people living on the streets, you could use the library if you wished, and the firemen would put out your house fire if you had one, or stop your neighbour's from spreading. As well as it is a known fact that collective production and commissioning is far cheaper than individual spot purchase. I always thought you were smart barboy?
