PettyWitch t1_iuio4zg wrote on October 31, 2022 at 4:55 PM

Ah you’re right I think. But then why are things like expensive jewelry or plasma TVs not taxed yearly as luxury personal property?

maybe_little_pinch t1_iujb2fa wrote on October 31, 2022 at 7:27 PM

I think because snowmobiles and horses are considered assets. They are part of your net worth.