Moderator: 3ne2nr Mods
88sins wrote:
I'd love to see the complete rate schedule they using, cuz something telling me even that and all might have some issues.
sMASH wrote:88sins wrote:paid_influencer wrote:Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
see this is the part where I disagree with Vasant. We will not have inflation. The demand for goods and services in the overall economy isn't there. The money to sustain higher prices in the economy isn't there. The higher cost of doing business will have to be absorbed.
To illustrate, there was on CNC3 an interview with the boss of one of the gas station companies. They asked him point blank if he believed the floating of fuel prices would result in inflation. The boss responded that several times in the past few years government raised fuel prices and inflation actually dropped.
And he's right - the inflation rate for 2017, 2018 and 2019 is tiny despite steep international price increases and domestic tax increases. Even doubles these days effectively dropping in price - the $2 and $3 doubles have big crowds and the $5 doubles man by me making his bara massive. The flour and channa costs going up globally, but to counteract the drop in demand the cost of the labor - the work of the doubles man - is being pushed into lower prices.
Yes, the cost of doing business is going up, but the real problem is the collapse of demand (both globally and locally). I think we might be on the road to seeing deflation happen as people increasingly keep money in the bank and stop engaging in business activities.
Some people might see deflation a good thing, not understanding that it's not. But let's not get too hung up on the possible end results to the extent that we forget to understand the causation for those possible outcomes.
A lot of people are losing jobs in all sectors, and there's more than a little uncertainty in the air about where we stand both as a nation and individually. All this uncertainty is what drives people to save and cut back on spending and keep their money on hand or in banks, which in turn shrinks the economy little by little and reduces tax collections, putting the state in a deficit, so they then pressure the people with fines and penalties and taxes. Understand, the more people are taxed, the more likely they are to actively seek out methods of tax avoidance(legal or otherwise), and the more you tax people, the less they willing to spend. The less they spend, the less taxes you collect. It's a cycle but one that can be broken or directed if managed properly.
We need to take quite a few steps before we can see any positive movement that can lead to stabilization and growth of the economy. People need to save, we need to improve our forex earning opportunities and potential, and the state needs to learn to be more efficient with its resources so that the people aren't taxed into oblivion. We're at the beginning leg of a recession, and you can't tax your way out of a recession, that's been established.
the costs of doing business and acquiring stuff will go up due to govt and international influences. but demand will be reduced due to petrotrin and pandemic. so, we will see a kinda trade off between cost push inflation and demand pull deflation, and prices will have to remain somewhat not as high as it would normally be expected to be.
imburt dem will kinda get away... they will not see the sky rocket as we would normally expect, but a mild trailing upward trend as time goes on.
they will take to the platforms and rail about that, "the opposition predicted doom and gloom but the market balanced itself mr speaker, tnx to our prudent and careful management "
Redman wrote:matr1x wrote:Let's cut the BS. The purpose of the tax is to plunder land. And pnm and their cronies have been dishonest
the lack of the annual filing etc enables land fraud....so you have it back to front....
matr1x wrote:Redman wrote:matr1x wrote:Let's cut the BS. The purpose of the tax is to plunder land. And pnm and their cronies have been dishonest
the lack of the annual filing etc enables land fraud....so you have it back to front....
That is the logic you coming with? When you buy land, there are taxes and checks and balances that normally deals with land ownership. This tax will not help with fraud with land ownership or buying.
The annual filing which serves no purpose but to harass people? Or more accurately help to keep track and make sure that in this economic hard times, which lands the hdc getting.
matr1x wrote:Redman wrote:matr1x wrote:Let's cut the BS. The purpose of the tax is to plunder land. And pnm and their cronies have been dishonest
the lack of the annual filing etc enables land fraud....so you have it back to front....
That is the logic you coming with? When you buy land, there are taxes and checks and balances that normally deals with land ownership. This tax will not help with fraud with land ownership or buying.
The annual filing which serves no purpose but to harass people? Or more accurately help to keep track and make sure that in this economic hard times, which lands the hdc getting.
Dohplaydat wrote:Ministry of Finance have digital records of every land owner, land purchase etc from the dawn of time. They can easily find fraud now, they don't need property tax to do this, what you think it is?
matr1x wrote:I can tell you that the tax goal is to build up the HDC properties which has very little oversight. And its been known that the officers sent to scope out properties have been selling or been part of kidnapping and bandit rings
Well proton why don't expose the bias that is happening with evaluations .ProtonPowder wrote:Dohplaydat wrote:Ministry of Finance have digital records of every land owner, land purchase etc from the dawn of time. They can easily find fraud now, they don't need property tax to do this, what you think it is?matr1x wrote:I can tell you that the tax goal is to build up the HDC properties which has very little oversight. And its been known that the officers sent to scope out properties have been selling or been part of kidnapping and bandit rings
looks like we have a minister of finance and national security in de ched, how lovely
zoom rader wrote:Well proton why don't expose the bias that is happening with evaluations .
It is clear that tax officers are targeting injun folk
matr1x wrote:Redman wrote:matr1x wrote:Let's cut the BS. The purpose of the tax is to plunder land. And pnm and their cronies have been dishonest
the lack of the annual filing etc enables land fraud....so you have it back to front....
That is the logic you coming with? When you buy land, there are taxes and checks and balances that normally deals with land ownership. This tax will not help with fraud with land ownership or buying.
The annual filing which serves no purpose but to harass people? Or more accurately help to keep track and make sure that in this economic hard times, which lands the hdc getting.
You know very well of the bias that is applied to injun areas, but refuse to acknowledge this .ProtonPowder wrote:zoom rader wrote:Well proton why don't expose the bias that is happening with evaluations .
It is clear that tax officers are targeting injun folk
You make the claim, you present the evidence
zoom rader wrote:You know very well of the bias that is applied to injun areas, but refuse to acknowledge this .ProtonPowder wrote:zoom rader wrote:Well proton why don't expose the bias that is happening with evaluations .
It is clear that tax officers are targeting injun folk
You make the claim, you present the evidence
SR wrote:Digital my ass
Sell or buy a property and see how digital any ministry is with regards to the paperwork involved
Soundstream_626 wrote:The easiest thing to do would have been to amend the existing land tax rates and they would have been collecting increased revenue long time. Because Property tax involves the building and or ancilliary structures on your land, this is where all the problems come from. There aren't any provisions for multi use properties eg Household upstairs and business place downstairs.
You cannot forcibly enter my land If I don`t want you to, so how are you going to measure and evaluate my building properly if you cant come in? If you use a satellite map and estimate my roofline to further estimate what my building footprint is, this is more bacchanal. it doesn't show if its multi storey or even if that roof covers a building and partly a shed or car port etc.
I have no political affiliation but the PNM thoroughly under estimated the scope and complexity of this exercise and their insistence on continuing it is baffling. You can`t fault the employees, It is Colm Imbert and the PNM who are giving instructions.
ST Auto wrote:Hey all. Are the evaluators required to come inside the house? Or is it just the perimeter
ST Auto wrote:So they don't need to come in to measure house?