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Tag: taxation

US Property Taxes Hit Record $541 Billion in 2016

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Are we living under capitalism or feudalism? It’s rather difficult to say when more than half a trillion dollars is extracted from the American people annually through property taxes just to keep what’s theirs.

CNS News reports the following disturbing information.

Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.

That was up $16,748,620,000—or about 3.2 percent—from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected in fiscal 2015.


More than half of Prince’s $100 – $300 million estate will go to taxes

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This article was written by Claudia Rosenbaum and was originally posted here.

Without a will or any financial planning, experts say more than half of Prince’s vast estate will go to state and federal taxes.

Before Prince’s death, his estate — which includes property, music royalties, and other ventures — was widely estimated to be at least $100 million. But according to Forbes, the value could wind up as high as $300 million.


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