On Fri, 10 Aug 2012 09:27:41 -0400, the renowned Kurt Ullman
wrote:

In article ,
The Daring Dufas wrote:



I seem to recall something called an "ad valorem tax" where a business
must pay a tax on the value of its assets like tools and equipment used
in the operation of the business. That one always struck me as odd. O_o

Ad valorem is just latin for property tax.

It's Latin for "according to value". You can have an ad valorem tax on
gasoline (say 15% tax on the wholesale price) or a fixed volume-based
tax (say 30 cents a gallon).

I would suspect that most
states with property taxes have some sort of tax on this type of things.
Some even on inventory.

It's a particularly stupid and short-sighted way to tax businesses. I
know it happens in CA (for equipment) and TX (for cars).