Skipping the normal weekly wrap up for a rant today. You see I got my first ‘Unsecured Business Personal Property Tax Bill’ today in the mail. I know its a mouthful but it pissed me off. I’ll start out by saying its not alot but its the princpal behind the matter.
If you are a homeowner you are familiar with property taxes. If you own ‘Real’ property such as land and the buildings on them then you pay a tax for that. Has been true through out the ages that you are taxed on the land you own. I pretty much can live with that. The land is taxed by the government to provide essential services for this land and the people on it. This is on top of people and businesses paying an income tax as well. Ouch but yes I can see that as well, not to mention some states also have sales tax and or an income tax. Ok I think thats enough.
Business Personal Property Tax
Dont know about all states but here in California thats not enough, mo money mo money. When you have a business ALL Property is taxable, not just the land or the building. From the equipment you use (i.e. my cameras) to the couches my clients sit on, right on down to the paper clips. All property is to be assessed annually for taxation. In California it is 1% plus whatever the local county you are in decides it needs to pay of bonds. Its not the amount again but the principal. I paid sales tax on everything I purchased for the studio now I have to pay taxes on everything again and every year after. Seems like double taxation to me and as much as I hate the word, its unfair.
People wonder why business leave California lately, all they have to do is look at the constant taxes and regulations that are put on them. Why stay here when the can go to a friendly state and make more money. You might say they are just being greedy. More likely they will use that extra money to expand, grow and hire more people thus increasing the tax base and income for that state.
Also they dont take in consideration that this just become another tax on everyone. Business dont just eat the taxes, it becomes part of the cost of doing business and the prices for the end products and services just go up. Just leave well enough alone and the business would make more money. Thus using that extra money to expand, provide more jobs. Jobs get more people working and paying taxes. Business can lower prices on items letting everyone keep more of their money and be happy.
Happy people lead to less wars and the aliens would be more inclined to visit and share their knowledge… ok I’m going overboard but I hope you see my point. Trying to tax everything over and over, squeezing businesses dry till they just cant do business anymore is not the answer.
agree? disagree? Well my next session has arrived and time to get back to work.