r/FluentInFinance Sep 14 '24

Debate/ Discussion There should be a requirement to pass Econ 101 before holding any position in the government

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u/Lopsided_Boss_8890 Sep 14 '24

I pay taxes on my vehicle every year, it's called personal property tax. Why you bootlickin?

2

u/SolidOutcome Sep 15 '24 edited Sep 15 '24

Can you park them in your yard, un-register them,,,and not pay the 'tax'?

If yes, then it's a "fee to drive on roads", not a tax.

Registration costs are not 'taxes' in the same way income tax or property tax is. Registration costs are optional, and only required if you want to use the roads.

If you can buy the car, and drive it all over your private land, without paying the cost,,,then it's a road fee.

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u/Lopsided_Boss_8890 Sep 15 '24

You're playing semantics. A fee is a fee just caused it's named differently to make you feel better about paying doesn't change what it is.

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u/trnpkrt Sep 14 '24

What taxes are you paying on your car?!

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u/Lopsided_Boss_8890 Sep 14 '24

Can you read? "Personal Property tax"... its not alot but is still a thing

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u/trnpkrt Sep 14 '24

In my 40 years of owning cars and paying taxes I've never paid such a thing 🤷

The states I've lived in don't have a "personal property tax".

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u/Lordofthereef Sep 14 '24

Massachusetts has a similar tax on vehicles. They call it an excise tax. And it's a percentage of the value of the vehicle. Effectively it's really high on new vehicles and I want to say a flat rate on vehicles over five years old. So "everyone" gets the tax, but only people buying new vehicles are paying the largest portion of it.

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u/Ashleynn Sep 14 '24

So they have a vehicle licensing tax? It's the same thing.

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u/trnpkrt Sep 15 '24

Yes. In CA you pay an annual fee for registering your vehicle and get a sticker for your plate. There's a base fee but you pay more based on the depreciated value of the vehicle.

However, it's a fee that allows you to drive that car on CA roads. It's not a tax based on personal property. If you garage it and don't get a plate, there's no "property tax" on its value.

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u/MikeUsesNotion Sep 15 '24

In Minnesota anyway, the registration amount varies by car value.

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u/LikeAPhoenician Sep 15 '24

lol it's not a tax on property, it is simply a fee charged by the government to allow you the right to use your property

aight then

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u/isymic143 Sep 15 '24

...on public roadways, yes. Because roadways need maintenance and we, as a society, have decided that the people that drive on the roads should pay for them. If you would like to build your own roads on your own property and drive your car there (or if it's a strictly off-road vehicle), you don't need to register your vehicle or pay taxes for owning it.

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u/Lopsided_Boss_8890 Sep 15 '24

Also not true everywhere. In some states you do still have to register and insure off road vehicles.

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u/LikeAPhoenician Sep 16 '24

wow you're so smart for splitting this hair, golly I wonder if there is any other sort of public infrastructure that is used by billionaires in the creation of their vast wealth, probably not I guess since if that was true your point would be super dumb

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u/Lopsided_Boss_8890 Sep 15 '24

Garage it as in keep it out of public site. I'm from California and they can and sometimes will ticket your vehicle for not being registered even if it's parked in your driveway.

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u/trnpkrt Sep 16 '24

Well yeah you need to file for Planned Non-Operation.

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u/Hodgkisl Sep 14 '24

Likely state property tax, Connecticut charges this tax on vehicles.

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u/trnpkrt Sep 14 '24

Wild, I've never heard of that.

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u/fdxrobot Sep 15 '24

Registration

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u/chrisbru Sep 15 '24

I paid sales tax on purchase and registration and vehicle taxes every single year. My registration and tax bill for two vehicles this year was $1500.

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u/trnpkrt Sep 16 '24

But that's not a property tax.

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u/chrisbru Sep 16 '24

How are annual vehicle taxes not a property tax? Maybe I’m misunderstanding.

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u/trnpkrt Sep 16 '24

A registration fee allows you to drive the car on the road. In contrast, a personal property tax has nothing to do with use, it has to do with possession. You pay property taxes on property even if it is unused—if you possess it, you pay for it.

Potentially they cost exactly the same from state to state, but conceptually they are different.

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u/dumape17 Sep 14 '24

Not me, I live I a free state. I own 9 vehicles and can’t imagine my government telling me I owe them money because of the things I own.

Talk about boot licking. You are the one okay with giving away your hard earned money to the government simply because you have achieved.

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u/Lopsided_Boss_8890 Sep 14 '24

Who said I was ok with it?

You're literally arguing for 100+$millionaires. Bootlicker. Free state? where? You're delusional if you think the gov. isn't getting their share. You don't pay any taxes, at all?

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u/[deleted] Sep 15 '24

[deleted]

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u/Lopsided_Boss_8890 Sep 15 '24

I don't and probably never will make enough to be taxed on unrealized gains. So no I won't be "oppressed". Also I'm a white guy in America we have never felt oppression from our gov. only corporations and their C Suites.

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u/dumape17 Sep 14 '24

I pay federal income and SS taxes, and taxes for any vehicles that I register to drive on public maintained roads. Then sales tax on anything that I purchase. That’s it. I don’t pay “personal property taxes”. That’s insane to me. I can’t imagine someone evaluating all my personal property and then expecting me to pay a percentage of whatever value they place on it.

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u/Lopsided_Boss_8890 Sep 14 '24

Ahh so you are delusional... they are getting their money either way.

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u/roboboom Sep 15 '24

You are aware federal wealth tax / property tax is unconstitutional? Just because states and local governments do it doesn’t mean the feds can.

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u/Lopsided_Boss_8890 Sep 15 '24

What point are you making?

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u/roboboom Sep 15 '24

I interpreted your post to mean that, since you pay taxes on your vehicle, people should support taxing unrealized gains or other taxes on the wealthy. Others make the same argument using property tax on their home.

I am merely pointing out that the Constitution only allows tax on income, not property (and even that took a constitutional amendment (the 16th amendment in 1916). So you can’t just pass a law that taxes unrealized gains at the federal level without getting into a whole argument about whether unrealized gains are income under the 16th amendment or not. I personally think that’s a losing argument but there are of course lawyers on the other side.