MUNCIE, Ind. - A landlord said he wanted people to see the pain of his property tax bill when he hauled $12,656.07 in coins and $1 bills to the county treasurer's office.
Cary Malchow said the heavy load left him "out of breath" but it was worth watching three cashiers working overtime and guarded by sheriff's deputies on Monday to count every last cent of the semi-annual payment for his home, business and rental properties.
"I did it so people can physically see what $12,000 is," said Malchow, who has staged other recent protests to draw attention to Indiana's property tax increases.
It took 75 minutes to count out the cash, said Delaware County Treasurer Warren Beebe.
"They were fast, they were hustling. They're used to counting money, but of course that left other people standing in line. It was an awkward situation," Beebe said Tuesday.
Malchow's protest prevented the office from making its daily bank deposit, costing the county an estimated $1,135.90 in interest that would have otherwise accrued overnight, Beebe said.
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
saving...
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
I disagree, I'd go for multi-denominational. Pennies, quarters, nickles, and dimes...oh, and don't forget about a few $2 bills for good measure. Put it in a big bag, shake it up, and deposit and your local tax office.
Explain why it is so bright to make other people stand in line and cost the municipality over a grand in interest. Don't think that the lost interest and likely overtime for the workers to count the money will not be made up in next years tax rate.
the funny part when I read the article on fark.com, was that the county complained that it cost them a few hours of overtime. AND the county LOST over $1000 in deposit interest because they failed to make their bank deposit in time that day. Oops. Too lazy to do the math, but they must have collected millions in tax dollars that day if they were earning $1000 in interest per day.
If everyone did it, they would need to keep raising the tax, which would result in more time spent counting, which results in losing money by collecting taxes, hence no more taxes
codename47 said: Malchow's protest prevented the office from making its daily bank deposit, costing the county an estimated $1,135.90 in interest that would have otherwise accrued overnight, Beebe said.
Just wondering if this makes sense- daily bank interest is $1136 ? Assuming they get 5% interest, their daily deposit should be about $8.3 mil to get that kind of interest. Assuming everyone in that county had a property tax bill of $12000, almost 700 people made tax deposits that day?
longwood8 said:Explain why it is so bright to make other people stand in line and cost the municipality over a grand in interest. Don't think that the lost interest and likely overtime for the workers to count the money will not be made up in next years tax rate.
because maybe then the county would wise up, drop the property tax, and move to a fairtax system?
Squeezer99 said:longwood8 said:Explain why it is so bright to make other people stand in line and cost the municipality over a grand in interest. Don't think that the lost interest and likely overtime for the workers to count the money will not be made up in next years tax rate.
because maybe then the county would wise up, drop the property tax, and move to a fairtax system?Right.
Explain why it is so bright to make other people stand in line and cost the municipality over a grand in interest. Don't think that the lost interest and likely overtime for the workers to count the money will not be made up in next years tax rate. Well, while they are waiting, I'd be sure to espouse the principles of fighting back, standing up to oppressive tax hike and making the government work for YOU.
They can make up the lost money in tax hikes. Then I'd get 20 of my friends to do it. They'll quit before I do.
You got any other ideas for making the government back down or just complain about it to the BBB?
Question: I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
Answer: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."
This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
codename47 said:Well, while they are waiting, I'd be sure to espouse the principles of fighting back, standing up to oppressive tax hike and making the government work for YOU.
They can make up the lost money in tax hikes.I'm confused...you dislike "oppressive taxes" and the government, so you want to push those taxes higher and increase the size of the government?
Then I'd get 20 of my friends to do it. They'll quit before I do.Or they'll just buy an automatic coin counting machine, load the coins in, and ask you to step aside while business as usual continues.
longwood8 said:Explain why it is so bright to make other people stand in line and cost the municipality over a grand in interest. Don't think that the lost interest and likely overtime for the workers to count the money will not be made up in next years tax rate.
I dont get this...doenst he make the renters pay for the taxes through rents...and dont those people have kids they send to school and use the roads, etc...
Or they'll just buy an automatic coin counting machine, load the coins in, and ask you to step aside while business as usual continues. Where can I get one of those free automatic coin machines? They don't cost anything, do they? They get a coin counter, I get a bunch of singles...and 2 dollar bills mixed in...
I'm confused...you dislike "oppressive taxes" and the government, so you want to push those taxes higher and increase the size of the government? I want them to back down, and unless you start rattling some cages, nobody is going to notice.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
