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Money doesn't pay tax. People do. And if it did, then taxes would have been done a long time ago, because money in its endless circulation pays taxes all the t

• JumpCrisscross 5y ago
  > Money doesn't pay tax. People do. To emphasise this point, when an employer pays an employee wages, they pay it with a dollar that someone else earned (and paid tax on) and paid to them (and likely paid sales tax on). Money isn’t taxed, and neither are people; transactions are. An estate transfer is a transaction.
  • NovemberWhiskey 5y ago
    Ehhh, please tell me about the transaction that's involved in the annual property taxes I pay?
    • JumpCrisscross 5y ago
      > please tell me about the transaction that's involved in the annual property taxes I pay? A house isn’t a person. Saying transactions, not people, are taxed doesn’t mean that only transactions are taxed.
    • scatters 5y ago
      Aside from the services provided by your municipality (which may or may not be paid for out of property taxes) there's the aspect of imputed rent; the notional benefit that you as a tenant receive from yourself as a landlord. Some places tax that explicitly, as it happens.