[Homestead] Missouri taxation
erthnsky at gmail.com
Mon Oct 18 16:43:26 EDT 2010
I read the page, but I have a mental block when it comes to taxes.
Since this morning, I read and googled a bit and it seems Georgia has
transfer taxes, too. I read that they are tacked on when real estate is
sold, but I'm not sure how it works if real estate is inherited. It
seems more like a fee than a tax. That page states that transfer taxes
are anti-family and that it is double taxation, but if other states
already have transfer taxes, why hasn't it been challenged before on the
double tax thing? I just feel like I am missing something. How is it
that Missouri doesn't have this already?
I went and pulled out some paperwork from my mortgage and yup, there are
transfer taxes...it is a percent....hmmm.
I just reread the link I posted. It seems that the realtors are the
ones promoting the amendment that would prevent the tax. Who benefits
from this tax? I am guessing that the realtors are against this because
it might cut into their commissions?
On 10/18/2010 3:57 PM, VAN DELL JORDAN wrote:
> I haven't studied this but based on the ads appearing in our area, I think they are trying to eliminate the "transfer tax". It's like sales tax? or may even be sales tax applied to real estate.
> One of the arguments is that we already pay real estate taxes so a transfer tax is double taxation.
> Van Dell
> --- On Mon, 10/18/10, EarthNSky<erthnsky at gmail.com> wrote:
>> From: EarthNSky<erthnsky at gmail.com>
>> Subject: Re: [Homestead] Missouri taxation
>> To: homestead at lists.ibiblio.org
>> Date: Monday, October 18, 2010, 12:08 PM
>> I have no idea of what this
>> 'yestosavehomes' is about.
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