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So, the solution is: Don't pay your taxes. Wait for your house to go to auction. Hope no one buys it. Pay $500 to effectively erase your three year tax debt. R
by corysama 12y ago
So, the solution is: Don't pay your taxes. Wait for your house to go to auction. Hope no one buys it. Pay $500 to effectively erase your three year tax debt. Repeat.
That apparently currently works. It's a clear market signal to the government that it has no alternative but to put up with you not paying your taxes. But, I expect if it became widespread, the tax man would see it as a loophole to be closed.
- AnthonyMouse 12y agoThere is also clearly something fishy going on there. The only way you get to pay $500 is if no one else offers to pay more than that, i.e. the market value of the house is only ~$500. For a dilapidated house in a bad neighborhood that is entirely possible, but then why are the taxes on such a low value piece of real estate so high that the occupant can't afford them?
- Scramblejams 12y agoAgreed. Other government housing auctions have been recently documented in the press as bearing signs of bidder collusion. A closer look here would be welcome.