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Originally Posted by ChrisBennet
I agree with the fact that most of us don't pay our fair shair (i.e. grade school alone probably costs more than most parents pay in taxes for example).
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Not in my case. I pay in lots more than I take, and I pay for others who don't.
Quote:
Originally Posted by ChrisBennet
- Houses: Non-home owning tax payers subsidize homeowners to the tune of the tax deduction home owners get.
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Nope again. Homeowners pay lots more. Here it's over 1% of the value of hte property. If the property is worth $3/4 mil (a little above average around here but a nice round number) that's almost $700 a month in property taxes. You tell me where renters pay that much in taxes top subsidize homeowners. Doesn't happen here.
Sure I get to write off the interest to offset income, but that means I save about 25 cents on the dollar. Not even close to offsetting property taxes. It's worse in my case because hy house is almost paid off.
Property owners support those that rent.
People with a good education and good work ethic pay for those that don't.