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by wpietri 1711 days ago
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 time.

1 comments

> 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.

Ehhh, please tell me about the transaction that's involved in the annual property taxes I pay?
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.
> 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.