[LMB] OT: Taxes, was a digest header

Eric Oppen ravenclaweric at gmail.com
Fri Jun 26 19:18:32 BST 2015


Purchasing outright is a good thing in general.  I detest paying for things
over time; I have never had the security to be _sure_ that I could make the
payments.  I own my house and car, free and clear, and I'm much happier
that way.

On Fri, Jun 26, 2015 at 11:37 AM, Aruvqan <aruvqan at gmail.com> wrote:

>
>
> On 6/26/2015 11:32 AM, Peter Granzeau wrote:
>
>> At 08:23 PM 6/25/2015, Howard Brazee wrote:
>>
>>> Some cities have earnings tax -  different from income tax.    Those who
>>> work in the cities but live elsewhere pay earnings tax.
>>>
>>
>> I lived for some years in central Pennsylvania and was truly blown away
>> by the number of taxes I had to pay.  I paid a poll tax, for instance.  And
>> "occupational privilege" taxes--one to the location in which I worked,
>> another to the location in which I lived.  And sales taxes and excise
>> taxes, and millage on my home, and an earned income tax.  Some taxes went
>> to the state, some to the county, some to the township.
>>
>>
>>  I always found it amusing that if one won one of those sweet jumping
> Jebus loteries, and took the winnings in a lump and simply banked them in
> an account with no interest accruing, and had no income from any other
> source, you could live quite handily in states with few additional taxes
> other than sales tax in rental properties and by purchasing outright ones
> vehicles. Pissing off the state and federal income tax people of course.
> They just *hate* seeing millions of dollars sitting in a non-interest
> bearing account not generating income that can be taxed. Of course you
> could put it into interest bearing accounts if you want to screw around
> with the tax laws and find deductions and exemptions - loopholes do exist
> after all.
>
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