- #1
bluemoonKY
- 131
- 16
I've heard that the average homeowner in the state of Massachussetts (MA) pays about $15,000 in state property taxes per year. I believe that the standard deduction on Federal income taxes is $6,400 per year. State property taxes can be itemized on Federal income taxes. It seems to me that having property taxes at or close to the standard deduction on property taxes is pork barrel spending.
If a citizen of Massachussetts pays $15,000 in state property taxes, he or she can itemize $15,000 in property taxes in addition to the other itemized deductions. This would greatly reduce the amount of taxes that a homeowner in MA would pay to the Federal government. Homeowners in MA pay a lot of taxes to MA that benefit MA, but this causes homeowners in MA to pay less money to the Federal government than the homeowners otherwise would pay to the Federal government. This money that homeowners in MA pay to the state of MA benefits people in MA more than paying money to the Federal government would benefit people in MA. I've never heard or read anyone accuse states that have very high property taxes of pork barrel spending. Since state property taxes can be itemized on Federal income taxes, how is a state having very high property taxes not pork barrel spending?
If a citizen of Massachussetts pays $15,000 in state property taxes, he or she can itemize $15,000 in property taxes in addition to the other itemized deductions. This would greatly reduce the amount of taxes that a homeowner in MA would pay to the Federal government. Homeowners in MA pay a lot of taxes to MA that benefit MA, but this causes homeowners in MA to pay less money to the Federal government than the homeowners otherwise would pay to the Federal government. This money that homeowners in MA pay to the state of MA benefits people in MA more than paying money to the Federal government would benefit people in MA. I've never heard or read anyone accuse states that have very high property taxes of pork barrel spending. Since state property taxes can be itemized on Federal income taxes, how is a state having very high property taxes not pork barrel spending?