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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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[–] 2 points 4 months ago*

I was curious, so I looked up a couple large cities. New york has a long budget document that really lacks charts, but talks a lot about schools. Somebody made this visualizer (which lacks pie charts! Why?!) for LA. Montreal has some reasonable pie charts for where their tax dollars go.

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