Property Taxes

[vancleef]

I just read Dr. Paul’s Writings on The Threat of Rising Property Taxes

As a Californian, let me warn you about one problem with the proposed solution.

Properties should be reassessed for tax purposes only when sold or ownership is otherwise transferred.

This may be fine for individuals, but it should not be applied to Corporate properties. Corporations don't have a finite life span and may never sell their properties, thus avoiding property value reassessment forever.

 

[Matt Collins]

Corporations should not have to pay any taxes as far as I'm concerned (I also think that any property tax is a farse).

When a corporation pays a property tax they have to build it into their cost of doing business which means that they have to charge more for their product/service. Therefore taxing businesses is the same as a hidden tax on the economy.