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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (13929)	9/24/2003 6:04:04 PM
From: PerryA	Respond to of 306849

do you not have personal property taxes in your area of the country? yes, but I believe these are all state and local, not federal. Regards, PerryA

To: Tradelite who wrote (13929)	9/24/2003 6:33:29 PM
From: Lizzie Tudor	Respond to of 306849

yes the luxury tax expired kiplinger.com I think this became the poster child for taxation as a form of social engineering that was a big flop. They started off taxing furs, boats, jewellery and cars and within a year we were in a recession (early 90s) and these industries were on their knees. Furs had the extra problem of PETA. I'm not a big conspicuous consumption person myself but having the government decide which items deserve extra tax just because they are "luxuries" is hard to take. Certain people like young men especially probably got hit hard with this.