|
03-02-2022
| | Executive [VIP] | | Join Date: Aug 2013
Posts: 2,405
Thanks: 799
Thanked 322 Times in 253 Posts
Activity: 0% Longevity: 61% | | Re: property tax robbery letter.
Yup, makes me wonder why we just don't live overseas and rent. I mean the rentals are like 1/5th of the property taxes, and property taxes is perpetual, meaning forever. I don't even see how that is defined as ownership. Quote:
Originally Posted by JamesNorth101 So you guys buy and house and still have to keep paying tax on it even after you have bought it? | | The Following User Says Thank You to glacier922 For This Useful Post: | |
The complete step-by-step guide to get back to selling today!
| |
03-02-2022
| | Executive [VIP] | | Join Date: Aug 2013
Posts: 2,405
Thanks: 799
Thanked 322 Times in 253 Posts
Activity: 0% Longevity: 61% | | Re: property tax robbery letter.
How many square meters is your place? Quote:
Originally Posted by JamesNorth101 Wow....
Dam yoy guys get taxed brutally.
I pay $2400 a year or so for my apartment and that is for local services (bins collection, pavements cleaned etc) and that’s it as far as tax for where I live goes.
Didn’t realise it was so so high in the US. | |
03-02-2022
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,111
Thanks: 2,435
Thanked 5,203 Times in 4,000 Posts
Activity: 31% Longevity: 63% | | Re: property tax robbery letter. Quote:
Originally Posted by glacier922 How many square meters is your place? | 120sq. City centre - reasonably good value
|
03-03-2022
| | Executive [VIP] | | Join Date: Aug 2013
Posts: 2,405
Thanks: 799
Thanked 322 Times in 253 Posts
Activity: 0% Longevity: 61% | | Re: property tax robbery letter.
Reasonably sized. How much total per month? Quote:
Originally Posted by JamesNorth101 120sq. City centre - reasonably good value | |
03-03-2022
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,111
Thanks: 2,435
Thanked 5,203 Times in 4,000 Posts
Activity: 31% Longevity: 63% | | Re: property tax robbery letter.
Bills are approx $300 per month all in. So $3600 a year total.
Most of that is the council tax.
|
03-03-2022
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,172
Thanks: 5,949
Thanked 8,946 Times in 8,237 Posts
Activity: 100% Longevity: 83% | | Re: property tax robbery letter. Quote:
Originally Posted by JamesNorth101 Do you guys not pay VAT on products? I thought some states had a state level tax that was similar to VAT | Differs state to state as well
|
03-03-2022
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 0% Longevity: 49% | | Re: property tax robbery letter. Quote:
Originally Posted by JamesNorth101 Do you guys not pay VAT on products? I thought some states had a state level tax that was similar to VAT |
Closest thing here is sales tax which is nowhere near as invasive as VAT is for the UK. I mean they just started applying sales tax to online orders in the US in the past 2 years. Before that we could buy anything we wanted online and pay no taxes at all unless it was imported and the shipper declared a value over $800. In cases where the value actually is over 800 the shipper underdeclares and still nothing is owed. Import taxes for online sellers are virtually nonexistant and easily avoidable. The state of Florida still has 0 online sales tax due to the massive number of international forwarders in that state (only logical reason I can come up with).
My understanding is that in the UK you're taxed at like 20% for everything you bring into the country, whether you're a business or an individual.
Even to stack silver in the UK you have to pay VAT whereas formerly monetary precious metals are not taxed in the US.
Fast food in my area has a tax of 10%.. trying to discourage fatties from eating fast food all the time. Most sales tax in my state though is closer to 3%.. judging by my recent walmart receipts. What's VAT % and what is its scope?
__________________ ____________ _______ ___
Last edited by phaz0rz; 03-03-2022 at 09:30 AM.
| The Following User Says Thank You to phaz0rz For This Useful Post: | |
03-03-2022
| | Executive [VIP] | | Join Date: Nov 2013
Posts: 8,983
Thanks: 2,744
Thanked 3,109 Times in 2,282 Posts
Activity: 0% Longevity: 60% | | Re: property tax robbery letter.
@phaz, Im assuming you filed for tax exempt as a business on ebay and amazon and do not pay any state taxes on purchases still?
If not, I would consider it if you buy on those platforms. Also, state tax on internet sales is only for major platforms. Buy from a private website that doesn't have a physical presence in your state and still no tax.
|
03-03-2022
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,111
Thanks: 2,435
Thanked 5,203 Times in 4,000 Posts
Activity: 31% Longevity: 63% | | Re: property tax robbery letter. Quote:
Originally Posted by phaz0rz My understanding is that in the UK you're taxed at like 20% for everything you bring into the country, whether you're a business or an individual.
Even to stack silver in the UK you have to pay VAT whereas formerly monetary precious metals are not taxed in the US.
Fast food in my area has a tax of 10%.. trying to discourage fatties from eating fast food all the time. Most sales tax in my state though is closer to 3%.. judging by my recent walmart receipts. What's VAT % and what is its scope? | So import rates will differ from item to item
If you are business yes you pay VAT on imports and domestic purchases but you can then claim it back so its a nil rate overall.
Quite a few items are also exempt from VAT - Food is one of those categories although if you are eating in say a restaurant its a 5% rate. Any foods or drinks bought at a supermarket is 0%. Only exception is high sugar drinks which have a 'sugar tax' which is an extra 18p (approx. 24 cent) per litre. Same principle as what your doing in the US with fast foods.
| The Following User Says Thank You to JamesNorth101 For This Useful Post: | |
03-03-2022
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 0% Longevity: 49% | | Re: property tax robbery letter. Quote:
Originally Posted by yankee @phaz, Im assuming you filed for tax exempt as a business on ebay and amazon and do not pay any state taxes on purchases still?
If not, I would consider it if you buy on those platforms. | I'm not tax exempt. Mailers and tape are about the only business related purchases so I'm not sure if it's worth the trouble. How does one go about applying for being exempt from sales tax as a business? Quote:
Originally Posted by yankee Also, state tax on internet sales is only for major platforms. Buy from a private website that doesn't have a physical presence in your state and still no tax. | That's nifty and I wasn't aware of this. I give it a few years at most before the new internet sales taxes are mandatory regardless of venue/website. Shipping supplies usually cost more off of eBay anyway since the death of sunuku.com.
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
03-03-2022
| | Executive [VIP] | | Join Date: Aug 2013
Posts: 2,405
Thanks: 799
Thanked 322 Times in 253 Posts
Activity: 0% Longevity: 61% | | Re: property tax robbery letter.
Not bad. Mine is about 600 per month in bill. How much per month on that 120 sq meter apartment? Quote:
Originally Posted by JamesNorth101 Bills are approx $300 per month all in. So $3600 a year total.
Most of that is the council tax. | |
03-03-2022
| | Junior Member
Threadstarter  
| | Join Date: Jul 2021
Posts: 87
Thanks: 17
Thanked 8 Times in 7 Posts
Activity: 0% Longevity: 16% | | Re: property tax robbery letter.
I found this Youtube video where this guy figured out all the taxes we pay in the USA. Hidden and or out front taxes on all goods, everything, it came out to be 65% of your pay check goes to .GOV.
|
03-03-2022
| Senior Member | | Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0% Longevity: 38% | | Re: property tax robbery letter. Quote:
Originally Posted by phaz0rz I'm not tax exempt. Mailers and tape are about the only business related purchases so I'm not sure if it's worth the trouble. How does one go about applying for being exempt from sales tax as a business?
| I did it about 3 years ago, since I sometimes purchase $50,000 a month on there. Saves me a shiit ton of money every year.
Not sure if mailers and tape are worth it, like you say... regardless, here's the link. Scroll down this page a bit until you see "eBay's Buyer Exemption program for sales tax"... https://www.ebay.com/help/buying/pay...chases?id=4771 | The Following User Says Thank You to ebaystealth1974 For This Useful Post: | |
03-03-2022
| Senior Member | | Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0% Longevity: 38% | | Re: property tax robbery letter. Quote:
Originally Posted by phaz0rz If we fall behind on property taxes the county comes and auctions off "our property" to the highest bidder, usually for like 5-10% of what the property is worth. | In WV, we used to pick them up for "taxes owed". |
03-03-2022
| | Executive [VIP] | | Join Date: Nov 2013
Posts: 8,983
Thanks: 2,744
Thanked 3,109 Times in 2,282 Posts
Activity: 0% Longevity: 60% | | Re: property tax robbery letter. Quote:
Originally Posted by phaz0rz I'm not tax exempt. Mailers and tape are about the only business related purchases so I'm not sure if it's worth the trouble. How does one go about applying for being exempt from sales tax as a business?
| Ummm.... EVERYTHING I buy is for business of course haha Why pay any taxes that you can legally get around?
|
03-03-2022
| | Executive [VIP] | | Join Date: Nov 2013
Posts: 8,983
Thanks: 2,744
Thanked 3,109 Times in 2,282 Posts
Activity: 0% Longevity: 60% | | Re: property tax robbery letter. Quote:
Originally Posted by hercules2 I found this Youtube video where this guy figured out all the taxes we pay in the USA. Hidden and or out front taxes on all goods, everything, it came out to be 65% of your pay check goes to .GOV. | When I lived in Taxachusetts my effective tax was 68% I would guess most middle class in that state paid much more.
The city of Leominster Massachusetts wanted me to pay Personal Property Tax on INVENTORY in my retail stores. It was $38.00 for every $1000 retail value. They were estimating my inventory at $1,000,000 at one single location and sent me a bill of $38,000 estimated tax Of course I did not pay such thing. They got a local ordnance to suspend my business license and occupancy permit until I put in POS system so that they could tax me. Of course owning my real estate I told them to Phuck off but sold all my assets and moved away within a couple years.
That is what the whole nation is coming to if Americans dont start to stand up. Canada's recent actions should open every westerners eyes.
| The Following 2 Users Say Thank You to yankee For This Useful Post: | |
03-04-2022
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 0% Longevity: 49% | | Re: property tax robbery letter. Quote:
Originally Posted by yankee Why pay any taxes that you can legally get around? | Just looked into it and my state requires a retail license which I've never bothered applying for. So I went to the state website which says I should have had a retail license before selling anything online from this state anyway.
It's too insignificant of an amount to to bothered by it for now. $50 at most.
__________________ ____________ _______ ___ |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | |