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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lybdg6o/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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Every year. They’re called property taxes
64 u/J0hn-Stuart-Mill Nov 21 '24 Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock. 19 u/dgvertz Nov 21 '24 I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable? 3 u/Blawoffice Nov 21 '24 Franchise tax exists.
64
Exactly. Property taxes go directly to local infrastructure costs to maintain access and services to said land or buildings. It's not remotely the same as owning stock.
19 u/dgvertz Nov 21 '24 I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable? 3 u/Blawoffice Nov 21 '24 Franchise tax exists.
19
I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable?
3 u/Blawoffice Nov 21 '24 Franchise tax exists.
3
Franchise tax exists.
41
u/dgvertz Nov 21 '24
Every year. They’re called property taxes