A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires
atx_aquarian @ atx_aquarian @lemmy.world Posts 3Comments 345Joined 2 yr. ago

atx_aquarian @ atx_aquarian @lemmy.world
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Local property taxes are a way to assess your share of tax burden based on something approximating your share of enjoyment of what's provided by those tax dollars. I.e., by owning property somewhere, you benefit from that location's fire fighters, police, roads, etc. Investment in a foreign property would have nothing to do with consumption of local government services/infrastructure.