If I ever buy a house I don't want to pay taxes

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DeLoreanDude
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26 Feb 2009, 8:54 am

The best way to get past taxes is simply to move to Monaco, have you got a few million? :lol:



Dussel
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26 Feb 2009, 9:05 am

DeLoreanDude wrote:
The best way to get past taxes is simply to move to Monaco, have you got a few million? :lol:


There are some more of this islands and regions: Like Isle of Man (low taxes), the Channel Islands, Lichtenstein - and if you have very special relations: the Vatican.

Perhaps nearer: Hans-Island. Because the sovereignty is disputed between Canada and Denmark you may can settle their undisturbed till both nations find a solution.



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26 Feb 2009, 9:07 am

It's amazing how many people pay property taxes without going to a city or town meeting. If you're taking money from me without my consent, I am going to make sure that it is spent wisely.


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DeLoreanDude
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26 Feb 2009, 12:21 pm

Dussel wrote:
DeLoreanDude wrote:
The best way to get past taxes is simply to move to Monaco, have you got a few million? :lol:


There are some more of this islands and regions: Like Isle of Man (low taxes), the Channel Islands, Lichtenstein - and if you have very special relations: the Vatican.

Perhaps nearer: Hans-Island. Because the sovereignty is disputed between Canada and Denmark you may can settle their undisturbed till both nations find a solution.


The Isle of Man also has no speed limits... Sounding like a good place to move too! :D



AspE
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26 Feb 2009, 12:54 pm

You don't want to pay property taxes? I guess you don't need water, sewer, or electricity services. I guess you won't send your children to school.



Dussel
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26 Feb 2009, 1:55 pm

AspE wrote:
You don't want to pay property taxes? I guess you don't need water, sewer, or electricity services. I guess you won't send your children to school.


In some countries local services are paid via a share of the income-tax. Water, sewer and electricity are normally via the charges.



yesplease
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26 Feb 2009, 2:38 pm

Mw99 wrote:
If I buy a house, I don't want to pay property taxes. Add it all up and money you spend on taxes is like paying a rent, so there's your benefit of owning a house. And if you don't pay taxes, you lose the house, so the house was never really yours to begin with. Life sucks, really. It's impossible to live in peace. Ah, and did I mention insurance costs? (They are mandatory)
Renting tends to be a lot more expensive than paying taxes on a house you own, all things being equal. For instance insurance and taxes on a ~$150-200k house will be around $2000-2500/year, while renting in the same area tends to be around ~$12000/year. Like others have mentioned, the taxes are used to run what are generally considered to be necessary and useful public services. ~$10k/year is a pretty big difference IMO. Furthermore, an individual can modify their own home in order to reduce energy consumption and costs, something a renter cannot do. Solar energy for instance, depending on regional incentive program, tends to be about half the cost of the U.S. grid average over it's warrantied lifetime of 25 years, and is almost certainly less than that over it's entire useful lifetime. Insulation, passive solar heating, and active management can reduce heating costs to next to nothing. While taxation/insurance are definitely a significant cost, they aren't something to focus on compared to other similar costs that can be minimized at little to no loss on the home owner's behalf. That said, there are also instances where an individual can get breaks on taxes and the like depending on circumstances, so keep an eye out for them. My grandfather is paying the same in taxes he did in 1986 or so even though inflation and a quadrupling of property values have resulted in much higher bills for almost everyone else due to taking part in some legislation designed to encourage home purchases.



26 Feb 2009, 5:36 pm

AspE wrote:
You don't want to pay property taxes? I guess you don't need water, sewer, or electricity services. I guess you won't send your children to school.



We already pay for water sewer and garbage, and electricity so why property tax? It's logical if you're buying the land because there is taxes to everything but why keep paying taxes for something if it's all paid off? It be like me having to keep paying for my videogames after them being paid off.

We have sales tax and income tax and that goes to the schools, libraries, police, etc.



AspE
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02 Mar 2009, 4:36 pm

The state still has to maintain all the systems that your house depends on, even if you pay for sewer and water service, that doesn't pay for upgrades to those systems. Most schools are dependent on property taxes.