Financial Friday: The Lottery, Tax, and Order from the State
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Financial Friday: The Lottery, Tax, and Order from the State
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FF: The Lottery, Tax, and Order from the State
We talk about the difference between a tax deed state and a tax lien state. Tax lien states have certain percentages written into their laws, and we give some examples. We talk about the lottery, which is a small part of funding schools here and is at least voluntary, even if the odds make it unlikely for an individual to benefit. We talk about how investing in gold, silver, or Bitcoin would have gotten you a better return this year. The state of Ohio had submitted a letter telling a county that they had to raise property taxes by 42%. People have reached the end of what they can pay, so tax delinquency rates are up. Governments really need to study the Laffer Curve.
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