How do you tax assets that aren’t worth anything until sold?
I have to pay property taxes on my home and car each year. These are assets that I’m not selling, yet I’m still being taxed on their value. It’s amazing that they’ve figured out a way to do it for the working class but not for the ruling class.
I agree with what you’re saying but I’m curious. You have to pay taxes on the value of your car? Do car registration fees scale with car value in your area?
I have to pay property taxes on my home and car each year. These are assets that I’m not selling, yet I’m still being taxed on their value. It’s amazing that they’ve figured out a way to do it for the working class but not for the ruling class.
I agree with what you’re saying but I’m curious. You have to pay taxes on the value of your car? Do car registration fees scale with car value in your area?
I live in an area with car taxes, and they are separate from vehicle registration fees.