this post was submitted on 17 Apr 2026
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Explain Like I'm Five

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Explain Like I am a child ... taxes. I get you pay taxes on goods you buy everyday. And you get said goods by paying a one time fee. But how come on a home after being paid off I still pay taxes...... (lemmy.world)
submitted 3 weeks ago* (last edited 3 weeks ago) by Patnou@lemmy.world to c/explainlikeimfive@lemmy.world
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I mean I paid for it like I would anything else I wanted. They charge a tax at checkout. So if I buy a house and pay the whole thing off, why do I still have to pay taxes on said house when I paid the whole agreed on price in full? It would be like me buying a six pack of beer I pay for it and tax at checkout. But then timely I have to keep paying taxes on the beer even though paid in full?

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[–] morriscox@lemmy.world 1 points 3 weeks ago

https://newrepublic.com/article/159662/libertarian-walks-into-bear-book-review-free-town-project

That sort of thing was tried by libertarians in New Hampshire and it went boom.