#2M22 graduated last month and now has some great offers from high-quality employers, so we broke down his potential compensation plans and put together a budget. He will now pay more just in taxes than he lived on each year in college. Guess who is now asking whether taxation is theft?
Tag: taxes
More Proof of the Inherent Immorality of Property Taxes
I’ve explained before that property taxes are inherently immoral. This incident is an extreme example of the principle.
An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale.
Under Michigan law, it was all legal. And hardly uncommon.
Read the rest of this disgusting display of state power here.