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More complicated. Same as in Ireland institutional investors from foreign nations (China included) buyers of property. Dutch proposals aim to tax personal assets and a capital gain tax. Is a double taxation as my house bought in 1973, gone through decades of inflation, just about free from mortgage, will be taxed due to "overvalue"? The state always wins. If the elderly didn't die from Corona last year under code black policy, we'll tax them into the grave?
by Oui on Wed Oct 27th, 2021 at 02:24:41 PM EST
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My comment referred to the skyward rise in home values, not the tax situation.  Same here. A house two doors away appraised at $320,000 last year, sold last month for $405,000 in five days. $5,000 ABOVE the asking price. I'm expecting a whopper of a tax bill next year.
by StillInTheWilderness on Sat Oct 30th, 2021 at 02:33:49 AM EST
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Meanwhile, the cost of municipal services has not increased nearly as fast. You can make more now as a clerk at Costco than as a high school teacher with a masters degree.
by asdf on Sat Oct 30th, 2021 at 05:53:34 PM EST
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I can well believe that.  In 2005, I was an unemployed software engineer.  A cousin in the education business (Catholic School Principal) put me in contact with people in my own public school district. I told them (truthfully) that I could teach any High school Math or Physics class, they were excited. When I offered to teach an enrichment class on general computer programming, or the C Programming Language or 8086 Assembly Language they were enraptured. They offered me $17,000 a year providing that I sign up for classes in General Education classes. That was one fifth of my former salary, not even enough to pay my mortgage on what i assure you is not a mansion (1990 tract house).

Then I was called for jury duty in Chicago. The daily stipend paid the train fare and we were fed (breakfast and lunch, both plentiful and tasty). One of the jurors was a young lady, a new teacher. I told her of the ridiculous $17K offer and she looked at me funny. The next morning I overheard an older lady talking to her. "Did that job come through, dear? How much was it? Thirteen thousand?"   We keep reading about Republicans railing about teachers making $160K but beginning wages are less than minimum wage. Ridiculous!

by StillInTheWilderness on Sun Oct 31st, 2021 at 02:24:28 PM EST
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