luxury tax for out-of-staters

[ITD]

Originally Posted by Little Bear

Don't focus on the taxes, focus on the spending.

Originally Posted by Mee-n-Mac

So long as people look for "the rich", and not themselves, to pay the way then it's awfully hard to control the spending side of things.

Exactly, increased property values do not cause property taxes to go up (unless you have been under taxed due to faulty assessment) as a rule, there are always exceptions, but we should be able to agree on the basic premise. Taxes go up to cover increased spending. These politicians need to be held accountable for this, unfortunately most people don't pay attention and focus on the slick campaign ( "Together we can" comes to mind) and not the background and intentions of the candidate. This is why it is so important to pay attention and watch these guys.

Whether you have an $800,000 house or $800,000 stuffed in your mattress you are still at least $745,000 better off than half of the population in the US, way better off, in fact they would consider you filthy rich. That wealth needs to be managed or you will lose it. The more taxes you wish for and get, the quicker it will disappear unless you figure out how to keep it.

Maybe someone could give Ted Kennedy a call for information on how to avoid taxes on inheritances, he's done very well.