PUBLISHED ON OCTOBER 16, 2011

Local governments in the US (cities, towns and villages) rely chiefly on property taxes to fund their activities (public education, police, fire protection, etc.). However not all property is taxed: only land, buildings, automobiles and a few other items of "real" or "tangible" property is actually taxed. The kind of property that is UNTAXED in the US is "intangible" property: chiefly that property in the form of stocks and bonds. No level of government taxes that property. As that kind of property is owned chiefly by the richest among us, exempting intangible property from taxation is a gross bias toward the rich in our system: a scandal always and a special scandal in a time of service and employment cutbacks by cities and towns claiming they "have no money."

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Comments

    • Chuck You
      Chuck You

      So isn’t this the same dumbass that’s trying to push socialism on us? Without taxes, how does that workout? What a maroon.

      about 1 day ago
    • Michael Klein
      Michael Klein

      dear Mr wolf, your arguments are flawed. If a person buys stocks in a company, the physical plant property of said company wherever it may be located is being property taxed. Stock makes you a percentage owner in company and the property taxes are paid by the management of corp. Slightly different than mom and pop owner's going to the county building to pay property taxes. Thought you might like to know this so you can rethink your arguments. Thanks!

      about 2 days ago
    • M.
      M.

      Property taxes are voluntary. Nobody is required to record their deed. Once recorded...the county can assess and tax your property. They then classify it as "residential" property. If you don't record your recently purchased land...then the county can't tax your PRIVATE property. They will continue to bill the previous owner until the previous owner notifies them of the sale. When you purchase "private" property...then make sure the previous owner does NOT get a copy of the conveying documents (deed). You retain that copy and keep it in a safe and well hidden place.
      If you do it this way...the previous owner can't record the deed for you....where you then end up getting hit with a property tax bill. I know several people that have done this successfully. Works like a charm.
      The down side is that you can never get a home equity loan on your "private" property.

      about 5 days ago
    • Dustin Peterson
      Dustin Peterson

      All property tax is theft, we the people don't own "real" property, we have private property which the municipal corporation called the town or city, tricks us into thinking it's taxable when it's not.

      about 5 days ago
    • David Vartanian
      David Vartanian

      My mother has been a widow for over 20 years, she has already paid off her house. Pretty much paid off the house twice considering property tax! And as she gets old all she worries about is that stupid tax!

      about 10 days ago
    • blues man
      blues man

      State property taxes have become so expensive that we've all become renters.
      Taxed too much in this country and for everything. As a Senior Citizen I will be
      in the street when too old to work to pay for my Property taxes.

      about 17 days ago
    • Muralha Muralha
      Muralha Muralha

      The fact that I can never own my house really discouraged me from buying...

      about 20 days ago
    • Fit4Life
      Fit4Life

      About 70% of stocks and bonds are owned by the corporate government from which they earn MORE money than they collect from ALL taxes collected from the citizens. Property taxes are unconstitutional and did not exist prior to 1913. It is one of the planks of the Communist Manifesto along with a graduated income tax and public schools to name a few more. We lost our republic a long time ago. For a brief summary of the milestone changes watch the video posted today, 28 June 2019 on the William Mount YouTube channel.

      about 24 days ago
    • Albert Hicks
      Albert Hicks

      Bet if the native American had knowledge about what these people's plan was for their land.....evil people

      about 29 days ago
    • 337 337
      337 337

      3:00, looks like it's NOT applied to things the ruling class are more likely to buy.

      about 1 month ago
    • Tiger.
      Tiger.

      To bad why didn’t you have a way you can get out of paying it lol i’m serious

      about 1 month ago
    • Morty
      Morty

      They should not have the power to take your house if you paid for it tax and title. I understand they need the money to pay for whatever services. But recently, My mother received a letter saying her house would be sold at auction because one year was behind, $1100 in their tax money they're willing to sell your $85000 house. So they can pay for services you may or may not Use. No authority should have the power to remove you from your property Under any circumstance.

      about 1 month ago
    • sean westmoreland
      sean westmoreland

      Americans can't own PROPERTY only LEASE it from the corporation claiming to be government since the 1860s! No PRIVATE PROPERTY they claim it is real PROPERTY or residential PROPERTY which is commercial in meaning so they can tax PRIVATE PROPERTY through fraud! Land patent is the only way out !

      about 1 month ago
    • Troy Clark
      Troy Clark

      You missed the part ahout property tax being imoral and unconstitutional.

      about 1 month ago
    • old fan
      old fan

      I'd like to point out another scan: My school tax bill is $9.00/year. I would be much happier if the P-tax (about $2300.00/year)  were halved and that 50% would be allocated to public education.

      about 1 month ago
    • Mike B
      Mike B

      Taxation...prove you won't waste it first. 👎

      about 1 month ago
    • Lor Allbrit
      Lor Allbrit

      This is a fraud on the people. Ad valorem is only due at the time of sale it should not be assessed once a sale or purchase goes through. We are paying taxes on an item that is not in commerce.

      about 1 month ago
    • freebieman104
      freebieman104

      Thank you for sharing. The direction we're going in, money is power, we are more divided than ever. And it seems all those apocalyptic movies where the government controls everything aren't far away if we don't act.

      about 2 months ago
    • RoddericK
      RoddericK

      If you read closer, the tax isn’t on property exactly, it’s the gains from commercial use/manufacturing. Ask yourself what taxable activity is happening at home. Listen to this audio and on another scheme that is very helpful, Losthorizons do tc com (separated for easy posting). https://www.talkshoe.com/episode/4557375

      about 2 months ago
    • TownBizz510
      TownBizz510

      Paying taxes with fake useless paper from federal reserve biggest crooks who own you when your born and trade you off into the stock market America the corporation everything we were told is nothing but a lie

      about 2 months ago
    • BR549
      BR549

      I thought you might mention the fact that churches are exempt in most states from paying property taxes. Yet, they may expect police, fire, and other governmental services just like the folks who do have to pay the tax. Here in Florida, a western based church owns huge amounts of cattle ranch land, upwards of 100,000 acres, but is tax exempt. God truly does work in mysterious ways, especially through the legislature.

      about 2 months ago
    • robert carpenter
      robert carpenter

      To the contrary, the real scandal IS taxation. American cities grew the fastest when there was no income tax, ad vaolrem property tax, sales tax, estate tax, excise tax etc. Take any city - Baltimore, St Louis, Newark - and compare photos of it in 1900 when there were no taxes with photos taken today. Taxation correlates perfectly with destruction.

      about 2 months ago
    • Jeffrey Kirton
      Jeffrey Kirton

      Property tax, non refundable insurance premiums, judicial bail...all that shit is a money grab. Get yo hand out my pocket!

      about 2 months ago
    • Josh L
      Josh L

      Property tax is hell.

      about 2 months ago
    • Osiran rebel
      Osiran rebel

      WOW...

      about 2 months ago
    • Osiran rebel
      Osiran rebel In reply to Osiran rebel

      This absolute most change !!

      about 2 months ago
    • Toshiro Hitsugaya
      Toshiro Hitsugaya

      Ugh if it's not rent you have property tax how anoying.

      about 2 months ago
    • Nixon Rexzile
      Nixon Rexzile

      don't like it, then stop using american money, instead use crypto

      about 2 months ago
    • walter bass
      walter bass

      tax revolt is needed gas tax,etc.is ripoff b/s!

      about 2 months ago
    • D90Girl
      D90Girl

      Tax the rich, built the wall !

      about 3 months ago
    • Erin
      Erin

      Already pay 2 HOAS of $250/mo, who do nothing! Refuse clean st. gutters over prop line on street, but clean other side. I beg por favor! No gated, drive by security or front yard service, as my last home. Plus we pay ins, maintenance, repairs, utilities, sales, income tax! I do yard with 8 blown discs, sciatica, annular tears, osteo arthritis, cant afford flaky gardeners break sprinklers. Many work lifelong pay off homes now disabled, robbed of perpetual biz income I founded by jealous, thieving partner, mgr. and lawyers representing other side! We sacrifice, save, deprive 45 years for debt free retirement and security, only to find we have none! All because of greedy, corrupt govt. and saboteurs!

      about 3 months ago