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Explain Like I am a child ... taxes. I get you pay taxes on goods you buy everyday. And you get said goods by paying a one time fee. But how come on a home after being paid off I still pay taxes...... (lemmy.world)
submitted 4 months ago* by to c/explainlikeimfive@lemmy.world
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I mean I paid for it like I would anything else I wanted. They charge a tax at checkout. So if I buy a house and pay the whole thing off, why do I still have to pay taxes on said house when I paid the whole agreed on price in full? It would be like me buying a six pack of beer I pay for it and tax at checkout. But then timely I have to keep paying taxes on the beer even though paid in full?

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[–] 6 points 4 months ago*

You pay taxes so that we all can have roads and schools and other shit paid for by tax money. At least you own the land you pay taxes on. You could be a medieval serf and pay taxes for land you don't even get to claim as yours. You keep paying taxes on it because it's the most reliable way to get funding. Sales tax isn't consistent nor is it everywhere.

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