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Old Posted Jan 21, 2020, 4:20 PM
Investing In Chicago Investing In Chicago is offline
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Quote:
Originally Posted by jtown,man View Post
I much prefer higher property taxes over income taxes.

People naturally want to make more money. But making more money means more taxes. However, people will obviously(besides some very specific cases) take a say 10k raise on a 80k income. Basically, you can't control how much you are being taxed.

Property taxes give the majority of the population a choice. My mom and dad made a choice that kept their taxes down. My dad made pretty good money yet lived in a relatively modest home in San Antonio. He could have moved into a home that was 2x as expensive but he would increase his tax bill 2x too.
Bingo. Plus the advantage of being able to write off property taxes.
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