Really boggles the mind, doesn't it?! I also hate that I buy equipment for my business, pay sales tax on it...and THEN have to pay PROPERTY tax on the depreciated value EVERY YEAR AFTER THAT! It's downright theft!
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It sure is! They know what they're doing; that's like here in NC, I can buy a car and have to pay car taxes every year, even when I've paid it off! And it still doesn't matter how old it is; they're like Cuba Gooding Jr in Jerry Maguire: "Show me the money!"
The tax structure is in need of some serious reform.