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In my county, we spend $90 million per year for our libraries - about 0.5% of property taxes. As a home owner, neary 15% of the cost of your home, is being funneled to the library system.

Huh? I'm not understanding your math here at all...

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I was doing a back of the envelope NPV calculation - 30 years of 0.5% payments -> 15%. Depending in the discount rate, it's less than that; which is why I said "nearly".

Wow, you've taken 2 numbers that don't have anything in common except the word year and managed to produce an irrelevant value.

Using your calculation 40 years * 30% FICA means I'm paying 1200% income tax.

Fox News would be proud.

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