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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 3 months ago

Corporations only allowed to rent AND rent being taxed reasonably AND rent being legally bound to be proportional to value would solve some problems 🤔 Not sure how many new problems this would create, especially in transition periods and with foreign countries not all doing the same.

Counting properties is difficult for bigger lots though. Is that a big shed or an extra house at the other end of your farm? Or maybe that doesn't really matter unless you rent it out.

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