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The federal tax writeoffs tend to make up for it, AFAIK.
by happycube 6y ago
The federal tax writeoffs tend to make up for it, AFAIK.
- djrogers 6y agoTax write offs never ‘make up for’ anything - if you write off $1000 in property taxes, it will reduce your tax burden by ($marginal_tax_rate*1000), which will by definition be less than $1000. Tax write offs are distinct from tax credits.