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Something between a Sleeper and Overnight Coach

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<p>[quote user="CMStPnP"]</p> <p> </p> <div class="quote-header"> </div> <blockquote class="quote"> <div class="quote-user">schlimm</div> <div class="quote-content">And can someone please explain the relationship (if any) between this impasse on taxation and the various accomodations that might be used in sleeper cars?</div> </blockquote> <div class="quote-footer"> </div> <p>Aw, C'mon....</p> <p>It is entertaining to read Sam1 mix up real estate taxes and property taxes and then attempt to use utility industry accounting methods to explain railroad accounting.   I agree with you Schlimm but it does bother me a little when the two posters are talking at each other vs with each other and not realizing they are discussing two different items.    So allow me a little clarification here for both posters involved in the taxation debate.</p> <p>To clarify here in Texas for Commercial Entities.......Real Estate Taxes are paid on the value of land and buildings or structures on them and is usually assessed externally.    </p> <p>Property taxes are paid on equipment within the building or structure and except for vehicles are usually estimated with a internal assessment using a rendition form as a base.     So for example, a restaurant in Texas pays Property Taxes to the County for the equipment used within the building to make the end product served to the customer even though the Real Estate in which production takes place is leased and paid by the landlord.    The proprietor submits a rendition form to the taxing authority (appraiser) yearly which estimates the value of the property internal to the structure to be taxed whereas the external land and building is typically appraised via recent sales in the vicinity or some other like means by the appraiser. [/quote]</p> <p>Had you taken the time to read my post carefully, you might have noted the context.  I was responding to another post re: having the railways subsidize long distance passenger trains as opposed to paying real estate taxes.    </p> <p>Moreover, had you read my quote from AAR re: taxes, you would have noted that AAR refers to the tax category as property taxes. Look it up!</p> <p>Having said that, a better term would have been ad valorem tax, which includes real estate taxes, property taxes, etc. </p> <p>The discussion re: taxes has nothing to do with the presenting topic.  My response re: taxes was in response to a question or challenge by Mr. Klepper.  </p>
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