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Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.

 
ossbogosley
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User ID: 3672761
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05/03/2012 08:34 AM
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Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Churches don't pay property taxes do they? Corporations make profit, correct? My hs hasn't made a profit, just the opposite. I think the property tax people have my hs in the wrong catagory.

Last Edited by ossbogosley on 05/03/2012 09:58 PM
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ossbogosley (OP)

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05/03/2012 08:39 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Check out all the property that is exempt from property tax. Is your house a for profit corporation?
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ossbogosley (OP)

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05/03/2012 08:43 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Ask the tax assesor to please show you how much profit your hs made last year.
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ossbogosley (OP)

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05/03/2012 08:44 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Did I forget to put doom in the title?
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ossbogosley (OP)

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05/03/2012 09:22 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Think about it. aren't the tax exempt properties 501c-3's. They are not for profit. Is your house for profit? Where is the profit?
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ossbogosley (OP)

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05/03/2012 09:51 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Profit=income. Income is taxed. No profit=no income=no tax.
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ossbogosley (OP)

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05/03/2012 09:52 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Thanks for the 5 stars.
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ossbogosley (OP)

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05/03/2012 10:01 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Any comments or questions, or is the tax fair and you really think it funds the schools. Ha Ha
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ossbogosley (OP)

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05/03/2012 10:02 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
This should go viral. The questions that could be asked are endless.
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ossbogosley (OP)

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05/03/2012 10:13 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Many types of Not-For-Profit Organizations are eligible for a full or partial property tax reduction. The property must be used for acceptable exemption purposes, such as educational, medical, or religious, etc. reasons (see list below).

[link to www.nyc.gov]
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ossbogosley (OP)

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05/03/2012 10:17 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Nursing homes are one of the most common non profit organizations. Next comes museums, cemeteries, churches, schools, and hospitals. Buildings such as libraries and dance studios are a couple more examples of non profit organizations that are exempt from property tax.

[link to www.brighthub.com]
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Gunnz, lots of Gunnz

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Australia
05/03/2012 10:19 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
it would be because the banks put your home loan in the stock market, like in 2008 when all the home loans in the stock market folded with the credit default swap shenanigans.
Corp/o/Ration
A Single Entity (group with the same paragon) Restricting consumption of scarce commodities.
ossbogosley (OP)

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05/03/2012 10:21 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
it would be because the banks put your home loan in the stock market, like in 2008 when all the home loans in the stock market folded with the credit default swap shenanigans.
 Quoting: Gunnz, lots of Gunnz


So, who's making the profit? Are they gonna pay the tax?
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ehecatl

User ID: 15210660
Mexico
05/03/2012 10:37 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
That is so that if you are totally self sufficient, off the grid, and not selling, that they can take your property away from you.

In essence, it is not really your property.

You need to move to a different country where they do not have an unfair practice like that.

In Mexico there is generally no property tax, so people can live independently without the threat of having everything pulled out from under them for non-involvement.

But technically according to the constitution from the last revolution, you may loose rights to land that you are not using and working personally. There are loop-holes in that now of course, but that is the spirit of the law here.

That is the type of common sense law that a nation will need to return to if it is hit by devastating economic collapse... one can only hope.
Shingen

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05/03/2012 10:44 AM

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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Nursing homes are one of the most common non profit organizations. Next comes museums, cemeteries, churches, schools, and hospitals. Buildings such as libraries and dance studios are a couple more examples of non profit organizations that are exempt from property tax.

[link to www.brighthub.com]
 Quoting: ossbogosley


Well, private individuals can't own property, so the tax is really a duty to your liege lord; the State. They call it a tax, but really it's rent.

Last Edited by Shingen on 05/03/2012 10:44 AM
"Anarchism is not a romantic fable but the hardheaded realization, based of five thousand years of experience, that we cannot entrust the management of our lives to kings, priests, politicians, generals, or county commissioners." - Edward Abbey

"But whether the Constitution really be one thing, or another, this much is certain - that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist." -Lysander Spooner

"If they take the ship, they'll rape us to death, eat our flesh, and sew our skin into their clothing, and if we're very very lucky, they'll do it in that order." - Firefly
WretchedHollywood

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05/03/2012 10:44 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
This is exactly how the Duggars get away with not paying property tax. They claim their house as a church.
"doesn't it make you feel better?"
Anonymous Coward
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05/03/2012 10:47 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Rural property will soon become very valuable as the rioting and crime get out of control in the cities and suburbs.
ossbogosley (OP)

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05/03/2012 10:49 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
The question is : How, if my house has lost value, where is the profit? Please show me the money my house made last year.
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ossbogosley (OP)

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05/03/2012 10:50 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Neither my wife nor I make any "income". Where is the money?
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Anonymous Coward
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05/03/2012 10:56 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
100% disabled veteran. 100% exempt from property taxes.
MrOysterhead
User ID: 14747653
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05/03/2012 10:58 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
you assume you need to turn a profit to be taxed and that isnt true.

your agruement is flawed
ossbogosley (OP)

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05/03/2012 11:01 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
If you don't turn a profit, you are not taxed. Where is the flaw? Please show me the profit.
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Anonymous Coward
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05/03/2012 11:02 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
If you don't turn a profit, you are not taxed. Where is the flaw? Please show me the profit.
 Quoting: ossbogosley


the flaw is that there are MANY things taxed that dont turn a profit....see sales tax
Anonymous Coward
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05/03/2012 11:21 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Any comments or questions, or is the tax fair and you really think it funds the schools. Ha Ha
 Quoting: ossbogosley


It does fund the schools where I am. Every year there is detailed accounting of how much came in for school tax and where it flowed into the school budget.

Separately we are charged property tax for the town, to pay for town government and services. Those are well done in my town; they watch pennies like crazy. The only problem is that our mayor is an architect and keeps trying to build stuff that we don't want, to spend money that goes to his friends and his industry. We really need to replace him.

Our problem is state mandates that force us to pay for things like medicaid out of the county budget. Some of the property tax goes for that. Also on the schools side, the unionized teachers are very tough to deal with. But the money really does stay local for the most part.

That's because we're a Republican area and we don't have a lot of tolerance for "agenda" bs, at least not most of us.
Anonymous Coward
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05/03/2012 11:42 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
you assume you need to turn a profit to be taxed and that isnt true.

your agruement is flawed
 Quoting: MrOysterhead 14747653


the flaw is you trying to assert that tax is somehow acceptable
Anonymous Coward
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05/03/2012 11:52 AM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Local governments such as cities and counties derive revenue from property tax. Property tax revenue is generally used for government administration and expenses for first responders such as law enforcement officers, firefighters and paramedics. It is also used to fund local courts. Property tax also helps pay for services including community programs, parks, civic centers, libraries and schools. Quite often, school districts receive a large portion of property taxes.

[link to www.wisegeek.com]
Anonymous Coward
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05/03/2012 12:06 PM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
land cannot be owned.

that is all.
ossbogosley (OP)

User ID: 3672761
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05/03/2012 09:49 PM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
I don't care who owns it. I just want them to tell me how I made a profit.
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Anonymous Coward
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05/03/2012 10:07 PM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Isn't the important question why do you pay taxes at all?
Anonymous Coward
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United States
05/03/2012 10:14 PM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
I read the entire tax code of my state and found that the definition of a "taxpayer" (which is what the property tax refers to you as) has 6 separate definitions within the tax code. First off, 6 different definitions is evidence of fraud in itself, but all of those definitions referred to businesses. None of them referred to a non business entity. I bet every state is the same, most state laws are fairly uniform.
Anonymous Coward
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05/03/2012 10:16 PM
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Re: Is your house or property making a profit? Why is it taxed? Non profits aren't taxed.
Also, the constitution of the United States says no state shall make anything a payment of debt other than gold and silver coin. I know how the supposedly get around this, but hearing it explained in court would be some great entertainment.