Why are sale and property taxes regressive taxes?
Let’s learn why are sale and property taxes regressive taxes. The most accurate or helpful solution is served by Yahoo! Answers.
There are ten answers to this question.
Best solution
Answer:
There will be a notice published in the newspaper by your municipality if they are putting the place...
punchymc... at Yahoo! Answers Mark as irrelevant Undo
Other solutions
We are looking at buying a properly through a short sale in Chicago and are curious about how the City of Chicago might adjust property taxes after the sale. Will the city consider the sales price of a home by short sale to be a true market valuation...
Answer:
Taxes change yearly because the tax rate changes yearly. The assessed value is what changes every 3...
Eudora Welty at Yahoo! Answers Mark as irrelevant Undo
taxes are owed on a piece of family property that on one wants to pay. now the property is going up for sale. i have one month to either come up with all the money or lose the property. is there any other way to save this property?
Answer:
"no one wants to pay?" It's not really a choice. You either pay the taxes or lose the property...
cecilia7... at Yahoo! Answers Mark as irrelevant Undo
Those with any kind of thinking brain will realize that a BIG reduction in property taxes will be a landfall for those with million dollar homes while those with $50,000 homes and low incomes will get hardly anything but an increase in their sale taxes...
Answer:
And not only that, down the road they will raise property tax back up and you will still have the higher...
logicmar... at Yahoo! Answers Mark as irrelevant Undo
Those with any kind of thinking brain will realize that a BIG reduction in property taxes will be a landfall for those with million dollar homes while those with $50,000 homes and low incomes will get hardly anything but an increase in their sale taxes...
Answer:
Wealthy homeowners will be the beneficiaries of course. Mostly at the expense of the poor and middle...
logicmar... at Yahoo! Answers Mark as irrelevant Undo
My fiancee owns 2 pieces of property that have tripled in value since she bought them. However, we will probably sell them within six months to a year after we're married so that we can purchase property in the U.S. Will the taxes be calculated on the...
henrytut... at Yahoo! Answers Mark as irrelevant Undo
A person who is abroad gave his property to his mother as a settlement deed.She wants to sell that property. Any tax to be paid after sale in india?
Answer:
After indexed cost reduction the same is subject to tax under the head capital gain. In this cost is...
EPKFNEA3OYV7VCQVROP7QTNOM4 at Yahoo! Answers Mark as irrelevant Undo
I am trying to sell a property in New York. The property taxes are up to date but they are always accumulating as I understand it. When we sell will we have to pay off what we owe or can the new owner take responsibility by taking a credit in the purchase...
Answer:
As part of the closing costs that YOU pay, you'll pay a prorated portion of the taxes for the time you...
Double R at Yahoo! Answers Mark as irrelevant Undo
I have a situation where I sold a property but took on a "seller note" to carry some of the purchase price. How do I report this on my taxes? Interest income for the interest paid to me and Investment expense deduction for the interest I paid...
Answer:
The interest you receive is listed AS IS on schedule B. Include the name and SSN of the person paying...
azsnoop8... at Yahoo! Answers Mark as irrelevant Undo
homes for sale for unpaid property taxes
Answer:
Yes, they can do it if you have not paid the property taxes for three years in a row.
fde_luca... at Yahoo! Answers Mark as irrelevant Undo
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