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> The difference here is that with property-related taxes there is a policy goal linked to it, and also long-term choice individuals make based on this policy,
by vostok 9y ago
> The difference here is that with property-related taxes there is a policy goal linked to it, and also long-term choice individuals make based on this policy, which would make them very upset if the policy changes.
Wouldn't you agree that choosing to live in particular state is just as much of a long term decision as choosing to live in a particular house?
- smsm42 9y agoYes, but how much state tax deduction figures in that choice? I wouldn't say it's a lot. Presence and absence of state income tax - maybe, but presence of deduction - not very likely. And of course, if the state wanted to compete on that metric, they could easily lower the taxes, but I haven't seen many high-tax ones to be willing to.
- vostok 9y agoOf course it's a significant factor. You're talking about a pretty large portion of a household's budget.