This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
Most taxation is not theft. It is gross misuse of funds by both extremely naive and corrupt individuals. What's left of the rest is stolen by both groups. But then again let's not ask Germany why their leaders spend hundreds of thousands of euros on "make-up".
You can't make this shit up.If my town in New Jersey has a town meeting about lets say property tax and I want to speak at the meeting I have to follow these rules.
1) state my full name.
2) give my home address.
There are four armed police in uniform and two plains clothes cops. I do not get to hear their names and addresses.
There are five council men I know their names not their addresses.
All the cops in uniform have visible armor. paid by the taxes tht got too high.
So the idea that taxes are theft works for me.
In my town I have been in since 1992 not a single cop has been shot. Yet they all have armor when they are in uniform.
I am sure other places are better in the USA 🇺🇸 and other are worse. But my town spends about 20 percent of its taxes on cops thT HAVE A SHIT TON OF ARMOR AND THE LIKE. once again not one cop shot and wounded since I came here in 1992.
That's weird...in TX, during tax protest, you present to three people, none of which are police.
In most cases you don't even present to a panel, but try to get a deal by talking to just one appraiser or even none when they send you a settlement notice that you can either accept or reject. In the latter case it goes to a panel.
Typically, you never get what you want, but could slash the taxable value a bit, saving a few hundred bucks on taxes (not thousands, typically).
These are the township meetings. We had major tax increases for most everyone. The meeting was over a special school tax increase.
Which the 2% cap was lifted and up to 11% could happen. So we went to the meeting of around 90 people that could raise their hands and speak for 5 minutes then yield to the next person.
The town is upset that a home valued at 330k went to 450 k in 2022 then 530 in 2023 then 580 in 2024 raising all taxes including school. Then the town wanted to stack the max 11% allowed for 1 year .
Basically when it all adds up tax of 7200 for 2022 is now pushing 12000. I knew there would be 4 armed police in armor to maintain order and a few plain clothes. There were. I listened to hear the towns logic for tacking the max 11% since we had all the raises 2 years in a row.
Wait for it. To make a surplus . That's right we now have a school budget with a surplus. They were nice and did 7.5% vs 11%.
I am leaving N J soon. Maybe Maryland is the next step
