Todays International Man email has an essay about countries that have no property taxes. The authors favorites are Cayman Islands and New Zealand. I would agree that those are the best two in the list in his essay. . If you own property, but have not income, you should not mind living in a country with high income taxes, if it had low property taxes. The converse is not really true though if you rent. Renters pay property taxes through the landlord. About the only way to avoid both direct and indirect property taxes—other than go to one of IMs countries with no property taxes, would be to live in an RV as a boondocker or coyote camper (not renting a space in an RV park for the night) or to live on a cruise ship. . The best place for you to live taxwise depends on your financial statements: balance sheet which has assets like property that some jurisdictions tax not at all and others tax lightly and your income statement which has income that some jurisdictions tax not at all and others tax lightly. Remember that theres more to life than taxation, but it is generally an important consideration. . The IM essay also denounces the whole idea of property tax. I do not agree with that. For one thing, where property is not taxed it is often allowed to lie fallow or vacant because the owner has little incentive to do anything with it. . Also, property taxes are, to an extent user fees. Property needs police and military protection and use of the recorders office and courts. Getting school funding from it I agree is wrong. All schools should be private and paid for by students. At present, the federal military gets no property taxes to fund the military. They should be largely funded by a national per-square-foot fee, not ad valorem assessment, on real estate, as well as a head tax, because the military protects the land mass of the US and its population.
Posted on: Wed, 07 May 2014 22:38:33 +0000
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