Quote:
Originally Posted by Minte
On a day to day level,you are right. However, the state is not willing to let me pay this on a day to day level. The best they will do is let us split it into two pieces. Dec 31st and June 31st. So today I get to write a 6 figure check and mail it out. Keep in mind,this is just property tax. Income tax for the fiscal year is another issue. I have a 4 page report from the accountants to digest before I can comment on that.
I suppose I should feel some joy in that this additional amount is going to be spent wisely by the government and that people in the less fortunate category will benefit.
I also mentioned big changes in section 179. Don't ignore that. These are significant and will directly impact how small companies do business in the near term. And I already know that it won't be good for the economy. We have until the end of 2014 to invest as much as possible in new equipment. And then it ends. 2015 is going to be interesting, and not in a good way.
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I agree that changing section 179 was a dumb idea. Obama gave you a break, and now it ends. I tend to think that consistency is better for the economy then anything else the govt does.
Property taxes are not indexed to your wealth but ore a percentage of the value of the real estate. Not sure what your complaint is? All commercial property in your area pays the same mill rate. Rich and not so rich.
I also own warehouses and wrote big checks. It is the price of ownership. At least we just support schools and roads versus bombs and food stamps with the money.