8 ms·
Stuff like this is common in states with no income tax. If public services in two states are equivalent and one has income tax but one doesn’t, the latter state
by floundy 9mo ago
Stuff like this is common in states with no income tax. If public services in two states are equivalent and one has income tax but one doesn’t, the latter state residents pay the same total tax burden through property tax, tolls, and sales tax.
- BowBun 9mo agoYep, people really think they've hacked America when they move to states with lower/no income tax. Meanwhile they pay 5-figure property taxes on a house they've paid off until the day they die.
- DetectDefect 9mo agoPersonal property taxes are deductible in the United States.
- bdangubic 9mo agocapped to a small fraction though so this deduction is really not that much
- deleted 9mo ago[deleted]