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In my county, we spend $90 million per year for our libraries - about 0.5% of property taxes. As a home owner, neary 15% of the cost of your home, is being funn
by ryanwaggoner 15y ago
In my county, we spend $90 million per year for our libraries - about 0.5% of property taxes. As a home owner, neary 15% of the cost of your home, is being funneled to the library system.
Huh? I'm not understanding your math here at all...
- mckoss 15y agoI was doing a back of the envelope NPV calculation - 30 years of 0.5% payments -> 15%. Depending in the discount rate, it's less than that; which is why I said "nearly".
- yardie 15y agoWow, you've taken 2 numbers that don't have anything in common except the word year and managed to produce an irrelevant value. Using your calculation 40 years * 30% FICA means I'm paying 1200% income tax. Fox News would be proud.