Today I Learned

17785 readers

382 users here now

What did you learn today? Share it with us!

We learn something new every day. This is a community dedicated to informing each other and helping to spread knowledge.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)

Rule 1- All posts must begin with TIL. Linking to a source of info is optional, but highly recommended as it helps to spark discussion.

** Posts must be about an actual fact that you have learned, but it doesn't matter if you learned it today. See Rule 6 for all exceptions.**

Rule 2- Your post subject cannot be illegal or NSFW material.

Your post subject cannot be illegal or NSFW material. You will be warned first, banned second.

Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.

Rule 4- No self promotion or upvote-farming of any kind.

That's it.

Rule 5- No baiting or sealioning or promoting an agenda.

Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.

Rule 6- Regarding non-TIL posts.

Provided it is about the community itself, you may post non-TIL posts using the [META] tag on your post title.

Rule 7- You can't harass or disturb other members.

If you vocally harass or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.

For further explanation, clarification and feedback about this rule, you may follow this link.

Rule 8- All comments should try to stay relevant to their parent content.

Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.

Rule 10- Majority of bots aren't allowed to participate here.

Unless included in our Whitelist for Bots, your bot will not be allowed to participate in this community. To have your bot whitelisted, please contact the moderators for a short review.

Partnered Communities

You can view our partnered communities list by following this link. To partner with our community and be included, you are free to message the moderators or comment on a pinned post.

Community Moderation

For inquiry on becoming a moderator of this community, you may comment on the pinned post of the time, or simply shoot a message to the current moderators.

founded 1 year ago

MODERATORS

[email protected]

217

TIL the crowdsourced US-Mexico border wall added over $20 million in taxable land improvement to a private farm, increasing the tax burden by 75 times (en.wikipedia.org)

submitted 1 month ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

The 638 acres (2.58 km2) of land [We Build the Wall] built on is part of farmland that belongs to Neuhaus and Sons, and the wall added over $20 million in taxable land improvement, increasing the tax burden by 75 times. In January 2020, Fisher Industries started a lease-purchase agreement with Neuhaus and Sons for the land under the wall, but had not completed the ownership transfer by their court hearing on December 12, 2020, citing a problematic land survey by Fisher. Fisher's attorney, Mark Courtois, was hopeful the US government would become owners of both the wall and land. U.S. Customs and Border Protection (CBP) Public Affairs Officer Thomas Gresback said that the wall was privately paid for and on private property, and CBP does not have anything to do with the project. CBP is constructing its RGV-03 project wall outside the floodplain 0.3 miles (0.48 km) away.[66] As of July 2021, the property had been reassessed at 100 times its original value, and Fisher was hoping to sell a 3-mile section of wall (4.8 km) that had cost $30 million to build.[67]

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 1 month ago (1 children)

My impression of tax systems is that bracketed taxes are fairer and most taxes are bracketed. I could go and search up the Texas taxes, but I'm a lazy couch ~~potato~~ book.

The article also cites https://myrgv.com/local-news/2020/12/12/fate-of-private-border-wall-unclear "by more than 7,500%", so I trust that the journalists did their journaling.

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago) (1 children)

by more than 7,500%”, so I trust that the journalists did their journaling.

The "%" sign adds two zeros...

So 75x is the same as 7500%

I'm not trying to argue I'm trying to help you. If you don't want help. That's cool, I can stop trying.

[–] [email protected] 4 points 1 month ago

I think we have a misunderstanding here, but I don't know where. Here's my impression of the conversation:

You said the property tax actually was 100x.
I said that's 100x the land value; the tax rate isn't necessarily 100% of the land value. Basically what BassTurd said.
You said even if it was a different percentage, it increases linearly. (You then said something about increasing by 75x isn't the same as becoming 75 times the original. To that I'll say 1+75≠100 either.)
I said it's probably a bracket, so it probably doesn't increase linearly, hence about 25x/26x of the value didn't linear it. I do not understand the next reply.