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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: TCM3] #8565891 03/27/22 10:20 PM
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Originally Posted by TCM3
you had your chance bolt

Yep


Pure Blood and proud

Liberalism today is a mental illness

Originally Posted by Joe Biden
My Butts Been Wiped

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: Thundervee] #8565898 03/27/22 10:37 PM
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Originally Posted by Thundervee
Originally Posted by TCM3
you had your chance bolt

Yep

I sure hope 25% sales tax isn't the answer.


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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: bill oxner] #8565915 03/27/22 11:07 PM
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Originally Posted by bill oxner
This is a one upper post.



Pot meet Kettle.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8565941 03/27/22 11:49 PM
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I think that 15% on up to 25% sales taxes would kill small businesses. You will see restaurants that have already suffered Covid close up. The dwelling they are in may have a mortgage that defaults, which hurts the lender. There are dominoes. It would hurt home builders because the already overpriced materials would have that tax. And we the home buyers would have to pay more for these homes. Autos would be even more expensive, which would hurt the auto dealers. Going out of state won't help on the auto deal. Out of state auto dealers collect Texas taxes. Every retail business would suffer. I think you would see a commercial real estate bust.

I don't have an answer. I don't like property taxes any more than the next person. However, I could just see small towns looking like some old western ghost town.


Re: Repealing Texas Property Taxes is a Progressive Trap [Re: DocHorton] #8565943 03/27/22 11:50 PM
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Originally Posted by DocHorton
Originally Posted by Simple Searcher
Originally Posted by Paluxy

The math is good. Maybe not so well written as some are having trouble following it.

The sentence where it references $36 billion is clear that it is state and local taxes sales taxes which would typically be 8.25% that generated $36 billion and not 6.25%.


I follow you. But they are still off a bit.
I cringe at the thought of a 20%+ sales tax. But then property taxes suck too.


Makes sense, I didn't realize it was the 8.25 rather than 6.25.

Another factor to consider....commercial property owners pay a large amount of property taxes as well. I wonder how that would factor into all of it?


Our nuke plant would probably be very grateful.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: Paluxy] #8565945 03/27/22 11:54 PM
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Originally Posted by Paluxy
Originally Posted by DocHorton
Originally Posted by Simple Searcher
Originally Posted by Paluxy

The math is good. Maybe not so well written as some are having trouble following it.

The sentence where it references $36 billion is clear that it is state and local taxes sales taxes which would typically be 8.25% that generated $36 billion and not 6.25%.


I follow you. But they are still off a bit.
I cringe at the thought of a 20%+ sales tax. But then property taxes suck too.


Makes sense, I didn't realize it was the 8.25 rather than 6.25.

Another factor to consider....commercial property owners pay a large amount of property taxes as well. I wonder how that would factor into all of it?


Our nuke plant would probably be very grateful.


I bet you a quarter they are exempt or have some other favorable discount.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: Simple Searcher] #8565950 03/27/22 11:58 PM
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Originally Posted by Simple Searcher
Originally Posted by Thundervee
Originally Posted by TCM3
you had your chance bolt

Yep

I sure hope 25% sales tax isn't the answer.

It never was on the table. Smarter and reigning in government spending was on the table...


"Why gain the whole world and forfeit your own soul?”
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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8565955 03/28/22 12:01 AM
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Politicians weren't wanting to lower property tax


"Why gain the whole world and forfeit your own soul?”
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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: texasag93] #8565968 03/28/22 12:27 AM
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Originally Posted by texasag93
Originally Posted by Paluxy

Our nuke plant would probably be very grateful.


I bet you a quarter they are exempt or have some other favorable discount.


The plant pays around 80-85% of all property taxes for Somervell.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: Paluxy] #8565973 03/28/22 12:37 AM
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Originally Posted by Paluxy
Originally Posted by texasag93
Originally Posted by Paluxy

Our nuke plant would probably be very grateful.


I bet you a quarter they are exempt or have some other favorable discount.


The plant pays around 80-85% of all property taxes for Somervell.



I owe you a quarter.

There was a Somerville Steakhouse that was very good when I was at TAMU. I guess it is out of business.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: TCM3] #8565979 03/28/22 12:52 AM
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Originally Posted by TCM3
Originally Posted by Simple Searcher
Originally Posted by Thundervee
Originally Posted by TCM3
you had your chance bolt

Yep

I sure hope 25% sales tax isn't the answer.

It never was on the table. Smarter and reigning in government spending was on the table...

Prather was only 1% increase in sales tax. Huffines was on it too, but I do not recall a number from him.


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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8566002 03/28/22 01:34 AM
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Y'all are fooled if you think one person will reign in the state budget/spending. Y'all are also fooled if you think our property taxes are going anywhere without a state income tax. The best we could hope for is a cap or a cost basis equation like mentioned earlier in the thread

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: TLew] #8566034 03/28/22 02:16 AM
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Originally Posted by TLew
Y'all are fooled if you think one person will reign in the state budget/spending. Y'all are also fooled if you think our property taxes are going anywhere without a state income tax. The best we could hope for is a cap or a cost basis equation like mentioned earlier in the thread

Yup


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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: dogcatcher] #8566059 03/28/22 03:15 AM
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Originally Posted by dogcatcher
Originally Posted by rickym
2Drunk must be sleeping in today!

lol444

Actually had to work a little. I am not giving away rifles so why are you on my nuts? DC knows I give zero [censored] what he thinks but you love them so get back under the desk boy lol. F you I said what I said and believe it to be true .


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Re: Repealing Texas Property Taxes is a Progressive Trap [Re: missingAK] #8566091 03/28/22 04:08 AM
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Originally Posted by missingAK


As it stands now, the majority of state tax income comes from property and business owners. That simply isn't a fair system. When a large enough portion of the population doesn't own property or run a business...there is no longer a voice for the property owners and our taxes go up each year. Meanwhile, those with no skin in the game (non-property tax payers) have no incentive to fight for lowering the tax rate or demanding accountability for how it is spent.


That’s not really accurate. Between my home, my rental properties, and my business I pay around 25k in property taxes a year. I hate the taxes but with the case of my business and the rentals those costs are definitely passed on to my customers and renters. Every landlord figures their property taxes in when deciding what to charge for rent so even people who don’t own property pay the tax. Same with businesses they factor in their tax burden and pass it on to the customers.

Now I will agree that the average joe has no idea this is how it works so in a sense you are right that the general public doesn’t care but they are paying these taxes whether they know it or not.

Along those lines I know they would never be able to collect it from all the deadbeats but the fastest way to get meaningful income tax change would be instead of deducting it from pay checks before people get them make people write the government a check once a month or quarterly. That would change the average person’s opinion in a heartbeat.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: Sewer rat] #8566208 03/28/22 12:39 PM
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Originally Posted by Sewer rat
Originally Posted by missingAK


As it stands now, the majority of state tax income comes from property and business owners. That simply isn't a fair system. When a large enough portion of the population doesn't own property or run a business...there is no longer a voice for the property owners and our taxes go up each year. Meanwhile, those with no skin in the game (non-property tax payers) have no incentive to fight for lowering the tax rate or demanding accountability for how it is spent.


That’s not really accurate. Between my home, my rental properties, and my business I pay around 25k in property taxes a year. I hate the taxes but with the case of my business and the rentals those costs are definitely passed on to my customers and renters. Every landlord figures their property taxes in when deciding what to charge for rent so even people who don’t own property pay the tax. Same with businesses they factor in their tax burden and pass it on to the customers.

Now I will agree that the average joe has no idea this is how it works so in a sense you are right that the general public doesn’t care but they are paying these taxes whether they know it or not.

Along those lines I know they would never be able to collect it from all the deadbeats but the fastest way to get meaningful income tax change would be instead of deducting it from pay checks before people get them make people write the government a check once a month or quarterly. That would change the average person’s opinion in a heartbeat.


Yup! I don't escrow my property taxes, and I have no withholding on my pay. April 15th, June 15th, Sept 15, Jan 15th, and Jan 31 are my least favorite days of the year

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: HoneyBeez] #8566441 03/28/22 05:42 PM
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Originally Posted by 2Beez
Originally Posted by dogcatcher
Originally Posted by rickym
2Drunk must be sleeping in today!

lol444

Actually had to work a little. I am not giving away rifles so why are you on my nuts? DC knows I give zero [censored] what he thinks but you love them so get back under the desk boy lol. F you I said what I said and believe it to be true .

Aww, that’s cute. Grown man got his panties in a bunch! Can’t even complete a thought without interjecting someone, back to the bottle to find your purpose! Don’t worry, I’m sure you’ll find it in the last drop!



Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8566787 03/29/22 03:53 AM
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Biggest problem with taxes… is spending. See more transparency and say so on how our govt. schools etc spend it. I’ve seen lots of it squandered away.


It's hell eatin em live
Re: Repealing Texas Property Taxes is a Progressive Trap [Re: redchevy] #8566820 03/29/22 10:08 AM
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Originally Posted by redchevy
Biggest problem with taxes… is spending. See more transparency and say so on how our govt. schools etc spend it. I’ve seen lots of it squandered away.


Yep, the problem isn't in how taxes are collected. It's how they are spent.

Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8566876 03/29/22 01:01 PM
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Looks like we had another drive by posting, the OP hasn't made another comment.


Yes! A Weatherby does kill them deader.
Re: Repealing Texas Property Taxes is a Progressive Trap [Re: MrMadMac] #8567178 03/29/22 07:21 PM
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Two days ago, after the barking had settled down, I made three additional, separate, constructive comments on this thread.

If anyone bothered to check, they would see that I have contributed more than 300 positive posts to this forum.
None of them are flaming, dismissive, insulting, negative are derogatory comments.
But I guess that is how a person can rapidly drive up their post count.

As for the issue of owning land, our family has been blessed with land and homes in Houston County since 1850.

Thank you one and all for your participation in this lively thread.

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