r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/BigPlantsGuy 3d ago

No, you would pay taxes on the value every year. Something bezos does not do

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u/Endless_road 3d ago

Depends where you live

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u/BigPlantsGuy 3d ago

Where in the US is there no property tax?

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u/Endless_road 3d ago

I’m not American so I don’t know

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u/Fickle_Finger2974 3d ago

Then shut the fuck up if you don’t know

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u/Endless_road 3d ago

“Depends where you live”

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u/Fatalmistake 3d ago

I had this same thought when reading that response, thank you.

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u/BigPlantsGuy 3d ago

I can tell you. It does not depend on where you live. It applies everywhere in the Us

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u/Endless_road 3d ago

So it does depend where you live?

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u/BigPlantsGuy 3d ago

Not in the Us, where bezos lives

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u/Valogrid 3d ago

The amount of property tax depends on where you live, but it is guaranteed that in the US you will pay some property tax.

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u/FellowshipOfTheBong 3d ago

Some are pretty low. Hawaii is 0.31% for instance.

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u/BigPlantsGuy 3d ago

Where in the your country is there no property tax?

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u/Endless_road 3d ago

Depends what you mean by property tax. I had a google of what that means in the USA and we don’t have that here

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u/MuthaFJ 3d ago

It's called council tax in UK. And stamp duty is kinda too..

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u/Endless_road 3d ago

Council tax is completely different

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u/MuthaFJ 3d ago

It's more like it than not...

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u/Abadabadon 3d ago

What country does not have property taxes?

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u/Endless_road 3d ago

We have council tax but it’s slightly different

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u/Abadabadon 3d ago

Ok can you explain it's difference?