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TX GOP Adds Some Fun New Planks to Its Party Platform

iluvatar5150

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Property tax is based on value - not unrealized gain

I was going to go through your post line by line, but this one right here just confirms what I said about you not understanding what you're talking about. "Value" vs "unrealized gain" is not the distinction you think it is.

Let's say you bought a house for $100k. Now it's worth $300k, but you haven't sold it yet. Therefore, you own a $300k asset, with $200k in unrealized gains.

Capital gains taxes don't get incurred until you sell the house, at which point, you pay taxes on the sell price minus the purchase price (and minus any other exemptions, but we'll ignore those exemptions for now). In this case, if you sold for $300k right now, you would pay taxes on the $200k profit.


But that's not how wealth or property taxes work. Those get levied against things you own, not cash you've received. For the house, if the county assesses its value at $300k, then you pay property taxes on that $300k valuation while you own it, not after you sell it.


Regarding the states that levy personal property taxes:
 
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Always in His Presence

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But that's not how wealth or property taxes work. Those get levied against things you own, not cash you've received. For the house, if the county assesses its value at $300k, then you pay property taxes on that $300k valuation while you own it, not after you sell it.
Oh, goody - then your money is taxed:

1. When you earn it
2. When you own property (property tax)
3 When you receive NOTHING from owning it - unrealized gains
4. then capital gains when it it sold

That is being taxed four times on the same dollar -

How about just balancing the budget?
 
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iluvatar5150

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Oh, goody - then your money is taxed:

1. When you earn it
2. When you own property (property tax)
3 When you receive NOTHING from owning it - unrealized gains
4. then capital gains when it it sold

That is being taxed four times on the same dollar -

How about just balancing the budget?
#2 and #3 are the same thing
 
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Pommer

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Oh, goody - then your money is taxed:

1. When you earn it
2. When you own property (property tax)
3 When you receive NOTHING from owning it - unrealized gains
4. then capital gains when it it sold

That is being taxed four times on the same dollar -

How about just balancing the budget?
Back, (oh around 2007, when this out and proud nicotine junkie quit cigarettes), a significant factor was that they raised the tax in my State to $1.00/pk then ceased the exemption for the sales-tax, (taxing the tax).

But the same could be said when someone buys new tires and users part with some of their already-been-taxed-and-FICAed paycheck and pay the excise-tax.

We could go to a flat-tax of 30% and eliminate all the other taxes.

Then again, if we had gone with a National Health System, by explaining that each family would be saving $thousands in health insurance premiums while the tax would have been about $3k, $3.5k if we went with the “no co-pay” option, it would have showed that the American electorate was as intelligent as it thinks it is.
 
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essentialsaltes

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Texas education leaders unveil Bible-infused elementary school curriculum

The proposed curriculum overhaul was released a week after the Texas GOP proposed requiring the Bible to be taught in public schools. School districts that opt to use them will get more funding.

The Texas Education Agency released the thousands of pages of educational materials this week. They have been made available for public viewing and feedbackand, if approved by the State Board of Education in November, will be available for public schools to roll out in August of 2025. Districts will have the option of whether to use the materials, but will be incentivized to do so with up to $60 per student in additional funding.

Mark Chancey, a Southern Methodist University religious studies professor who focuses on movements to put the Bible in public schools, said there is “nothing inherently inappropriate” with teaching the Bible or other religious texts, so long as it’s done neutrally. But he’s concerned by some of the proposed curriculum, including lessons that he said seem to treat biblical stories as “straightforward historical accounts.”

About 300 people, most of whom are educators, are reviewing all of the instructional materials and will present their feedback to the State Board of Education. TEA did not provide a list of the reviewers but said they were selected by the SBOE.

Members of the public can also weigh in and offer feedback on the materials until August 16 and from there, the materials will go before the state board in November for final approval. If approved, the materials will immediately be available for download.
 
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