Quote:
Originally Posted by manaboutown
The bond is not a deferred tax. It is the home's share of the cost of the infrastructure for the immediate development sold on the installment plan with nondeductible interest. It is an added cost to the home, not a tax.
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Just a point of view. Given the bond stays with the home, it is effectively a deferred tax levied through a corporation.
You do not own any of the infrastructure a you would paying off a loan on property.
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Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government activities, including public works and services such as roads and schools"