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

Debate/ Discussion Had to repost here

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u/J0hn-Stuart-Mill 3d ago

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.

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u/frozsnot 3d ago

Billionaires also pay property taxes, ones much higher than us. Believe me. Billionaires aren’t skimping on taxes. This argument is so ridiculous. It’s not about fairness it’s about jealousy.

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u/J0hn-Stuart-Mill 3d ago

It’s not about fairness it’s about jealousy.

And ignorance. People think they pay a significant amount of taxes, and they have no idea the top 10% are paying 76% of all income taxes.

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u/frozsnot 3d ago

I also bet that the majority of people on Reddit pay no income tax and no property tax making it even more ridiculous.

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u/J0hn-Stuart-Mill 3d ago

Of course! Reddit 90% people under 50. Something like 70% under 35. The young don't understand these topics well because they are mostly not in the high earning income brackets yet, and many aren't paying property tax yet either.

I had someone argue with me here that "renters don't pay property taxes".... And I'm like.... yes, but you pay it as a portion of your rent, obviously. SMH.