Residential (Community/Poll)Tax vs Property tax

Arnold Layne

Why is all the talk on taxing persons with one or more property?

Should we not impose a nominal property tax and then a nominal residential tax so that all pay for services, including the "most vulnerable in society (i.e. those who have never worked but can avail of every state benefit)?

Ever heard of the poll tax riots? Let's not repeat Maggie's mistake.

Arnold Layne

So property tax is better than a council tax, which is still in place in the UK, and all households are obliged to pay.

Do you agree that it is fairer system that all those that occupy a residence pay some sort of charge, or do you think that the landlord should foot the bill eventhough his/her disposable income could be less than that of the tenants due to their employment status?

orourkeda

Deleted User wrote: »

Ever heard of the poll tax riots? Let's not repeat Maggie's mistake.

There'll be no riots here

Arnold Layne

Arnold Layne wrote: »

So property tax is better than a council tax, which is still in place in the UK, and all households are obliged to pay.

Do you agree that it is fairer system that all those that occupy a residence pay some sort of charge, or do you think that the landlord should foot the bill eventhough his/her disposable income could be less than that of the tenants due to their employment status?

Property tax should have been brought in years ago to curb the property bubble that was being created by amateur landlords hoping to make easy money on buy to let speculation. The horse has bolted now in some respects, but still, these people helped create the bubble, so they can help pay for the mess it has created.

Son Of A Vidic

Deleted User wrote: »

Ever heard of the poll tax riots? Let's not repeat Maggie's mistake.

Sheep don't riot.

sonic85

Corvus Maximus wrote: »

Sheep don't riot.

some do

http://www.youtube.com/watch?v=_ecg5P0u7Bo

:pac:

Arnold Layne

Deleted User wrote: »

Property tax should have been brought in years ago to curb the property bubble that was being created by amateur landlords hoping to make easy money on buy to let speculation. The horse has bolted now in some respects, but still, these people helped create the bubble, so they can help pay for the mess it has created.

And the people that sat on their holes through the "tiger" and can get over €35K post tax as a result, in the form of Electricity, Bin Charge exemptions, and Medical Cards are entitled to do so; because of those b*stard amateur landlords you refer to,and are entitled to do so because they didn't create the problem.

Is that right?

Arnold Layne

Arnold Layne wrote: »

And the people that sat on their holes through the "tiger" and can get over €35K post tax as a result, in the form of Electricity, Bin Charge exemptions, and Medical Cards are entitled to do so; because of those b*stard amateur landlords you refer to,and are entitled to do so because they didn't create the problem.

Is that right?

There was only about 3% unemployment at the height of the boom, whereas at that time more properties were being sold to investors than people who actually wanted to live in them. There are far fewer layabouts in this country than you seem to think.

policarp

Section 23

Capt'n Midnight

FF bought the 1977 election with the promise of no more rates.

Since they were in power most of the time since there were no more rates, just lots of stealth taxes that performed similar functions.

So if we bring back rates, then maybe we could remove some of the stealth taxes ??

Yes very annoyed over section 23 and no doubt there are other concessions to the property owners and construction industry yet to appear

Ghost Estate

Deleted User wrote: »

Property tax should have been brought in years ago to curb the property bubble that was being created by amateur landlords hoping to make easy money on buy to let speculation. The horse has bolted now in some respects, but still, these people helped create the bubble, so they can help pay for the mess it has created.

it didn't prevent the bubble in england.

stamp duty is better in that respect, tax the changing hands of property rather than taxing everyone for simply owning it

Buceph

If you're talking about the average person who bought houses to rent causing the boom, I think you're well wide of the mark. The majority of people who did that bought one or two extra properties as part of their retirement plans. They had been in a reasonably stable position, and had managed to pay off their primary mortgage, and looked to secure their future incomes in a far more responsible method that messing with stock markets.

How many people when the banks are foreclosing on them are the average well to do family with two or three properties? Not many. They're people who shoudln't have been given any mortgage in the first place but were handed ridiculous 110% loans, or guys who owe hundreds of millions.