Shopsmith Forums

I guess you could say I'm in too deep to get out now. My Power Pro is on order, my upgraded caster wheels are on the way, I ordered the Wood Sharp 3000 and all the attachments as well as the Tormek SVD-185 Gouge and Turning Cutter Jig and the Work Sharp WSKTS Knife and Tool Sharpener. I have scheduled for the installaton of an air conditioner for my garage/workshop, and I'm rounding up wood blanks for my first pen turning project. Have I missed anything

fredsheldon wrote:I guess you could say I'm in too deep to get out now. My Power Pro is on order, my upgraded caster wheels are on the way, I ordered the Wood Sharp 3000 and all the attachments as well as the Tormek SVD-185 Gouge and Turning Cutter Jig and the Work Sharp WSKTS Knife and Tool Sharpener. I have scheduled for the installaton of an air conditioner for my garage/workshop, and I'm rounding up wood blanks for my first pen turning project. Have I missed anything

All that just for pen turning?

Sounds pretty good. If you havent seen it, http://stumpynubs.blogspot.com/2011/12/ ... -into.html has some great ideas on accessorizing your WS3K for cheap...oh wait, you already bought all the attachments.

It must really be nice to live in a state with no income tax.

ss50th wrote:It must really be nice to live in a state with no income tax.

I don't know about that. Yes, there is no 'income' tax going to the state but the state either gets your money some other way OR you do without some services. It is all a matter of perspective.

Yes, Texas makes up for no income tax with sales taxes and property taxes. They even tax my storage shed rental because there is an RV in it

fredsheldon wrote:Yes, Texas makes up for no income tax with sales taxes and property taxes. They even tax my storage shed rental because there is an RV in it

Yep.....I still have a house and 50 acres in NM where the property taxes are right at $300-$350/year.

The property taxes on our house in the TX Panhandle are over $2500/year.

The value of the houses themselves are comperable.

Then there is auto registration.......

But, they have to get the tax dollars somewhere........

bffulgham wrote:Yep.....I still have a house and 50 acres in NM where the property taxes are right at $300-$350/year.

The property taxes on our house in the TX Panhandle are over $2500/year.

The value of the houses themselves are comperable.

Then there is auto registration.......

But, they have to get the tax dollars somewhere........

They might not need quite so many tax dollars if they would spend more prudently. Examples: GSA and Foreign Aid

From what I've heard, Florida seems to be one place with low overall taxes. No income tax and their homestead tax exemption on property taxes for residents takes a big chunk out of property taxes. Taxes on tourist attractions fill most of the state's taxing needs.

Here in Pennsylvania, there is no income tax on most retirement annuities, but property taxes can be high. Schools here are funded through property taxes and each school district in the state (around 500 of them) has unfettered taxing authority, meaning you can't stop them from raising your taxes and they therefore have little compunction to keep spending in check.

ss50th wrote:It must really be nice to live in a state with no income tax.

I suppose it is, but we pay for it with property taxes, gasoline taxes, utility taxes, etc. and then they still don't want to do anything for you. 8iowa can better describe how Florida collects taxes, but the nice thing is at the end of the year is I don't have to file any special forms for personal income taxes. Businesses, not so lucky.

Homestead exemption is tricky. If you house is evaluated for $75K or less, then you get an homestead exemption of $25K and your taxes are still about $400 per year funding schools, fire, sheriff, police and local governments. Only when your house is valued by the tax assessor (which is normally less than a property appraiser) to be above $80K, then you get to take the $50K exemption. The average cost of a house in Northwest Florida is $250K. In South Florida, you will have houses assessed in the millions, so this homestead exemption gets expensive. Of course, it is up to the local tax assessor as he/she drives by your property and assess according to your house and neighborhood. I have property that is truly swamp, legally prohibited from using it with no access and still paid $1000 property taxes last year. Don't be suckered to coming to a state without income taxes. Look around and do your homework.

The other point brought up by Art is school funding. Our schools get minimal funds for maintenance, I see no upkeep to structures...just build new ones. Each child is required to bring (each semester), toilet paper, paper towels, and other stuff that our schools used to provide back in the 1950's. Florida funding. LOL

swampgator wrote:I suppose it is, but we pay for it with property taxes, gasoline taxes, utility taxes, etc. and then they still don't want to do anything for you. 8iowa can better describe how Florida collects taxes

The mention of 8iowa made me wonder what happened to him. Checked and found his last post was in Jan 2012 and his profile has been cleared. I know this is a little off topic but was just wondering.