2 ms·
In addition to the point of this thread (overall tax incidence of the wealthy), surely you can see the difference in reduced taxation of property being used for
by mikeyouse 4y ago
In addition to the point of this thread (overall tax incidence of the wealthy), surely you can see the difference in reduced taxation of property being used for timber and Michael Dell avoiding $1M/year in property tax by claiming his massive estate in the suburbs of Austin is an agricultural property because they 'maintain a deer herd'? Or companies claiming parts of their campus are "agricultural" based on a few head of cattle who are brought in to graze it? Why on earth should the rest of Texans subsidize Dell or HP's campus?
California has its own screwed up property tax policy - all of Prop 13 should be immediately repealed - but it's different in impact and abuse potential than Texas's ag. nonsense.
- bombcar 4y agoAnytime you have laws you’ll have people who follow them to the letter. Though I guess it would be more “Texas” to instead establish a church or non-profit to hold the land for you.