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In the US the property tax is balanced somewhat by mortgage subsidies deducted from income tax. Also the property tax itself is deducted from federal tax. Nev
by someguydave 8y ago
In the US the property tax is balanced somewhat by mortgage subsidies deducted from income tax. Also the property tax itself is deducted from federal tax.
Nevertheless I agree with you, it is a pernicious wealth tax and should rightly be moved to a VAT or sales tax.
- lotsofpulp 8y agoLast year’s federal tax changes greatly reduced or capped those deductions.
- someguydave 8y agoYes indeed which has made property taxes even more pernicious