Ask Sherry: Would I want to live in a rich country that taxed me?
You asked, and I am answering every Friday once I have enough questions!
You can ask any question using the form here.
Hi, I was wondering if you plan to do a buy vs rent review/analysis now that it’s been a while that you became a home owner and you can see the different perspectives of both of them, I myself am still reluctant to become a home owner.
Yep. Did that this week. You can read the post here.
What do you think about Squarespace? I’m maybe interested in starting a blog and I like Squarespace themes better than WordPress ones, but *everyone* seems to use WordPress. That must be for a reason right?
Squarespace is great if you don’t want to deal with DIY themes and do anything but BLOG and be done with it.
They deliver themes that are out of the box, beautiful, integrated, and easy to use. Where they fall short is in DIY and customization.
The DIY part, means you will pay for this beautiful service every month on top of hosting fees and so on. The customization part is that you kind of can’t do what you want. You have to stick with what they are giving you, no ifs, ands or buts. I also cannot recall if they allow you to do ads or not.
I’m with WordPress (self-hosted, NOT WordPress.com), and everything is DIY on my end. It has its pluses and minuses but it is better than paying $144 USD a year for something I feel I can do on my own, even if I muck it up once in a while.
Plus, I’m a control freak.
Would you live in a prosperous country if there was a tax on savings and investments (on the principal, not on the actual bank interest or stock market profit)? Let’s say the tax is between 1.2% to 1.6% yearly.
It depends. I’m leaning towards NO but I don’t have enough information to definitely say so.
Let’s just look at at the numbers — if I had a million in assets, I’d pay $16,000 a year? For what exactly? Oh and does “investments” also mean the principal home I live in?
I better be getting that money back in some other way, either in lower taxes, or in some sort of benefit.
If that $16,000 a year was on top of the 50% tax I pay for income, plus my housing taxes for my home, plus everything I pay for right now, then no.
If that $16,000 included many great benefits that would justify that amount in the services and other breaks I receive, then yes.