# The rich don't pay their fair share in taxes!!

**URL:** https://forums.speedlife.net/t/the-rich-dont-pay-their-fair-share-in-taxes/48420
**Category:** NYSpeed Off Topic
**Created:** [May 14, 2008, 10:26am UTC](https://forums.speedlife.net/t/the-rich-dont-pay-their-fair-share-in-taxes/48420 "2008-05-14T10:26:08Z")
**Posts on this page:** 1
**Showing post:** 70

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### Author: ![Zer0DazE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/zer0daze/32/7624_2.png) [@Zer0DazE](https://forums.speedlife.net/u/Zer0DazE)
#### Post date: [May 15, 2008, 6:46am UTC](https://forums.speedlife.net/t/the-rich-dont-pay-their-fair-share-in-taxes/48420/70 "2008-05-15T06:46:30Z")

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> [@JayS](#):
>
> Not really true.
> 
> EX:
> 
> $150,000 here with 5k in taxes = 894/month mortage + 417/month tax. Total payment = 1310/month.  
> $220,000 house with 1k in taxes = 1312/month mortgage + 1395 total payment.
> 
> Yes, it’s a little more each month, but each month you’re building SO much more equity. At the end of 30 years you own a $220,000 house that has probably appreciated at a better rate than the WNY house because it’s not in a tax oppressed economy.
> 
> Or, to look at it a better way, at the end of 30 years, assuming the taxes never go up (which they will) you’ve spent $150,000 in taxes in WNY but only $30,000 in your other state. That’s $120,000 that you basically get nothing back for (considering other states manage to provide the basics like police, fire, and roads etc for far less).

or your 220k home was really worth 150k, and you over paid and then a correction happens and you lose your ass.

oh wait, that already happened

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