Quote:
Originally Posted by rcentros
Don't writers already pay taxes for the sale of their books? Not quite following you here.
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Totally missed the point. You pay taxes on
income from real property, but you also pay property taxes on the same property, whether or not you earn
any income from it. The property value is appraised, and then you are taxed on the <value> of the property, not it's income.
Ask any homeowner in a place with property taxes. . .