Re:How America Bankrupted its Cities [video]
by slowhand09 on Tuesday January 12, 2021 @12:39PM
(#25750285)
My FIL moved to FL from MD because of taxes. He is well-to-do due to high responsibility positions and shrewd investments. He used to donate to local environment orgs, the arts, scholarship funds, etc. He told MD to find someone else as they bled him for the last time.
So basically what I'm saying is... the POTUS doesn't need to do song and a dance in order for taxes to increase for people. For a lot of states, as long as the value of the property keeps increasing, the residents are paying more and more taxes every year. And if the income from your job doesn't increase at the same rate as your property taxes... it can put a lot of financial strain on you (my relatives in NY moved to a different state because the property taxes in Albany were eating them alive)
Example:
https://www.baltimoresun.com/business/real-estate/bs-bz-tax-...