Quote:
Originally Posted by HarryT
I can't think of any property other than "real estate" which one is taxed merely for owning. If you own a chair, there's no "chair ownership tax". What did you have in mind?
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The city I went to University in taxed automobiles. Inventories can be taxed. The rule of thumb is - is it mobile? Will it run off if it is taxed? Such items are usually not taxed, as taxing them causes more damage that it gains. Doesn't mean they couldn't be taxed.
The "State" can tax anything it can point to. . .