[LMB] OT: Taxes, was a digest header
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
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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