Last year I went to Rhode Island to visit a friend and his family. His parents were super old, probably both in their 80s. They have a nice house by the ocean. But my friend told me that he couldn't afford to inherit the house in the future, because of the high inherent tax rate. So technically in the US, the properties you buy are forever yours, but you need money to keep it forever yours.
@omniminokyo2
3 жыл бұрын
Realistically, the lease of 70 year land usage in China can be indefinitely extended until the government needed the land for some other purpose.
@igibon8
3 жыл бұрын
@@omniminokyo2 All sounds good, but CCP is not law following party and everyone knows that.
@omniminokyo2
3 жыл бұрын
@@igibon8 if the party don’t follow law nobody will do business in China. Why bother doing business if government had no law? Make sense
@liontheseeker
3 жыл бұрын
@Shu Cao California has prop13 that a child inherits a real property from the parents also inherits the property tax base. So, the situation you described doesn’t apply to all 50 states.
@gracewang6843
3 жыл бұрын
I am a Mandarin teacher in American. I want my students to watch your videos, but no English subtitles. Could you add it in?
In Australia, property for owner- living ( tax office clearly kept files on it) is tax free if it is sold for big profits. Property for investment is taxed by different levels with some exemptions. NO PROPERTY TAX IN AUSTRALIA! NO HERITAGE TAX IN AUSTRALIA!
Come to Chicago, cook county tax is almost highest in the USA. I pay over $10,000.00 property tax every year and increase every year. My house is only 2,600 Square footages
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