balderdash@lemmy.zip to memes@lemmy.world · 6 months agoThe system is brokenlemmy.zipimagemessage-square242fedilinkarrow-up11.14Karrow-down179
arrow-up11.06Karrow-down1imageThe system is brokenlemmy.zipbalderdash@lemmy.zip to memes@lemmy.world · 6 months agomessage-square242fedilink
minus-squareLeeks@kbin.sociallinkfedilinkarrow-up8·6 months agoMany states have tax cuts for living in the property you own. The high tax rate is the state saying “if you make money, we want to make money”.
minus-squareNovman@feddit.itlinkfedilinkarrow-up8·6 months agoThe problems is that if you live in an house you rent, you have to pay indirectly full property tax. Cause you aren’t living in a property you own.
minus-squarepsud@lemmy.worldlinkfedilinkarrow-up1·6 months agoMy city* only levies land taxes on investment properties If you live in your own home, there is no tax *Canberra, Australia
Many states have tax cuts for living in the property you own. The high tax rate is the state saying “if you make money, we want to make money”.
The problems is that if you live in an house you rent, you have to pay indirectly full property tax. Cause you aren’t living in a property you own.
My city* only levies land taxes on investment properties
If you live in your own home, there is no tax
*Canberra, Australia