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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (71950)2/12/2007 9:15:55 AM
From: ChanceIsRead Replies (2) of 306849
 
>>>Yes all those federal tax cuts in recent years are now being made up in a big way by major increases in local RE taxes<<<

Yes, but look at it this way. Federal income taxes are not deductible against federal income taxes, whilst local real estate taxes are.

There is always a bright side. ;-)

Maybe the Greenspan-Clinton-Bush hyperinflation will backfire by transferring power (tax dollars) from the Feds to the States. Not that the States don't do an equally good job wasting it.
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