What is real estate tax?

real estate tax is a tax that is imposed when the assets are transferred from the deceased individual to another individual, often a family member, without financial reward. Politically, real estate tax is a very volatile subject that raises passions on both sides. Some say it's like taxing twice; Others claim that this is a chance to tax what will basically become the income added to an individual's net fortune. Of course, a dead person is not a person who pays tax, but rather a person who receives assets. In some cases, the tax can be paid by the sale of at least part of the estate to cover taxes. In some respects, it is said that it is a double taxation. Others say that it is particularly stolen -armed states where families can be "rich in land" but poor money. In these cases, farmers may want land that has been in their family for generations, but cannot pay taxes necessary to obtain.

those who argue about real estate tax often point out that it is a tax paid almost exclusively by 1 percent of earnings in the United States. Therefore, it helps to promote wealth leveling. They also note that only a few farmers are affected by real estate tax, because the value of their real estate does not meet the threshold.

real estate tax was one of the primary goals of the administration of George W. Bush at the beginning of the 21st century in the United States. Many of this administration considered this to be an unreasonable and frivolous tax. The changes adopted to the law have dramatically increased the amount that the assets had to be appreciated before the tax billing.

In the United States, real estate tax does not apply to any assets that are in 2009 awarded for less than $ 3.5 million. It cannot be said when real estate tax can be canceled and what future thresholds can be simply because this problem is so politically charged.