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I rent, rental property is a business, therefore I should pay more so that homeowners can pay less?
Homeowners pay higher interest rates on their mortgages because... whoever earns that interest, banks, investors, etc., are TAXED on that interest income.
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Michigan is a blue state, but its egregious rental property tax was created by Republicans and approved by a 90%-homeowner electorate which was happy to vote for free money.
Liberals want to tax businesses. Get it? The Republican legislators gave them what thy want. They reached across the aisle, so to speak.
Liberals are always complaining about so-called "greedy" corporations, usually having NO clue whatsoever that corporations are owned by stockholders a large part of which are pension funds, 401k's, IRA's etc., and it is THEY who get the profits.
Corporations are owned by "greedy" rich individuals? (Doesn't the top 1% own most of the corporate stock?)
Homeowners pay higher interest rates on their mortgages because... whoever earns that interest, banks, investors, etc., are TAXED on that interest income.
Liberals want to tax businesses. Get it? The Republican legislators gave them what thy want. They reached across the aisle, so to speak.
Mortgage interest rates are currently in the neighborhood of 3.5 percent. What do you think those rates would be if the interest income were not taxed?
Liberals want to tax businesses; so do conservatives under certain circumstances. Michigan had a school funding crisis driven by voter refusal to approve school millages, and the Legislature (both parties) chose to resolve that crisis by giving homeowners a big property tax cut, by taxing rental property and other business property at a much higher rate.
In this case (Michigan), Democrats wanted to tax rental property at 'only' twice the rate of owner-occupied homes; Republicans wanted the rental property tax rate to be 4x the homeowner rate.
Unsurprisingly, the 90%-homeowner majority voted for more free money (4x) in a special election. The Capital One TV guy would have made an excellent pitchman for the Republican plan. Who doesn't like free money?
Show me a liberal who thinks corporations and the wealthy are already taxed way too much.
While I don't consider myself a liberal (some people on C-D consider me a socialist, go figure), I do think corporations are definitely taxed way too much. I think corporations should pay normal state and local taxes, plus perhaps a nominal federal corporate income tax far lower than what they pay now.
ALL individuals (not just the top 1%) AND nonprofit orgs own only about 1/3 of equities, combined.
Yes, I understand that a plurality of stocks are owned by funds (mutual, ETF, pension plans, etc), but those people are certainly above average. I don't know of any meaningful stock holdings by poor people.
Yes, I understand that a plurality of stocks are owned by funds (mutual, ETF, pension plans, etc), but those people are certainly above average. I don't know of any meaningful stock holdings by poor people.
The point is that most of the corporate stocks are NOT owned by the top 1%.
It reminds me of the statistical example, Bill Gates walks into a bar with 40 people in it. It is true that the average net worth of everyone in the bar is a billion dollars.
This must be a millionaires bar, huh.
That's like what the OP is doing. Statistics do not lie but liars use statistics.
Show me a liberal who thinks corporations and the wealthy are already taxed way too much.
And why did you decide on this arbitrary measure of liberalness... Kind of goes back to that "absolutes" based thinking.... If a person doesn't agree with this one position then they must be a liberal!
Don't worry, everyone does it, but you (and a few other folks on here) just take it the absolute max.
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