Right on the mark. In my case, I'm paying HIGHER property taxes than my mortgage!
shout bits, what's your opinion?
“Eliminate property taxes so that we can truly own our homes and land, instead of paying rent on them to the government, and well talk about getting rid of the mortgage deduction.
Right on the mark. In my case, I’m paying HIGHER property taxes than my mortgage!
shout bits, what’s your opinion?”\
I would like to see a tax system like that proposed by Steve Forbes - one low flat rate with no itemized deductions. All of these deductions are market disruptors that stifle economic growth. Furthermore, itemized deductions are fodder for political graft.
Also, I might add that deductions for things like state taxes, property taxes, and MID favor the expensive states largely painted blue every four years.