School Taxes

Re: School Taxes

PostBy: rberq On: Sat Apr 09, 2011 6:51 pm

jpete wrote:I do know RI has an "exit tax" where if you sell your home and buy another in a different state within a year, RI sends you a tax bill for around 20% of the sale price of the home.

Wow! I wonder how that passes muster under the US constitution which forbids states from messing with inter-state commerce?
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Re: School Taxes

PostBy: jpete On: Sat Apr 09, 2011 7:17 pm

markviii wrote:I'm curious how much you guys pay in school taxes? Ours are $17.96 per $1000 of assessed property value.


Our school budget comes from property taxes. We are at $13.41/$1000 for the residential rate of which 66% goes to the school department.
Last edited by jpete on Sat Apr 09, 2011 7:19 pm, edited 1 time in total.
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Re: School Taxes

PostBy: jpete On: Sat Apr 09, 2011 7:19 pm

rberq wrote:
jpete wrote:I do know RI has an "exit tax" where if you sell your home and buy another in a different state within a year, RI sends you a tax bill for around 20% of the sale price of the home.

Wow! I wonder how that passes muster under the US constitution which forbids states from messing with inter-state commerce?


How does anything pass muster under the Commerce Clause? It's the most elastic part of the Constitution.

A phrase only meant to keep the states from erecting trade barriers between each other now regulates everything from the alcohol in your blood to the water in your toilet.
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Re: School Taxes

PostBy: Freddy On: Sat Apr 09, 2011 7:22 pm

jpete wrote:I do know RI has an "exit tax" where if you sell your home and buy another in a different state within a year, RI sends you a tax bill for around 20% of the sale price of the home.


How da hail does RI know what you do after you leave the state? Or for that matter, how do they even know that you left the state? You might have sold & started renting. So, what does one do, move and rent for 366 days before they buy?
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Re: School Taxes

PostBy: jpete On: Sat Apr 09, 2011 8:15 pm

Freddy wrote:
jpete wrote:I do know RI has an "exit tax" where if you sell your home and buy another in a different state within a year, RI sends you a tax bill for around 20% of the sale price of the home.


How da hail does RI know what you do after you leave the state? Or for that matter, how do they even know that you left the state? You might have sold & started renting. So, what does one do, move and rent for 366 days before they buy?


Most people, especially the state employee retirees, typically buy the house in Florida the year before they retire. How they find out, I have no idea. Mailing address for next years taxes? No clue.
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Re: School Taxes

PostBy: homecomfort On: Sat Apr 09, 2011 11:11 pm

the welfare bums are bad enough, but welfare reform made it less attractive. how about the criminals that we support, while they have more kids for everyone to support. more of them do not have gainfull employment when they are sprung out. and later, they'll mug ya.
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