In the US the property tax is balanced somewhat by mortgage subsidies deducted f... | Hacker News

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someguydave on Nov 11, 2018 | parent | context | favorite | on: The new boomtowns: Why more people are relocating ...

In the US the property tax is balanced somewhat by mortgage subsidies deducted from income tax. Also the property tax itself is deducted from federal tax.

Nevertheless I agree with you, it is a pernicious wealth tax and should rightly be moved to a VAT or sales tax.

lotsofpulp on Nov 11, 2018 [–]

Last year’s federal tax changes greatly reduced or capped those deductions.

someguydave on Nov 12, 2018 | [–]

Yes indeed which has made property taxes even more pernicious

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