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Metropolitan DC Local Politics
Reply to "How do we petition no income taxes for a state?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] What handouts? [/quote] Because the Fed gov't is tax-exempt, they don't pay DC property tax. They own a huge amount of land/buildings, so they give DC some $$ to make up for it.[/quote] You have to look at the budget - revenue. Replacement source for the $2 billion plus collected from individual income taxes? https://cfo.dc.gov/sites/default/files/dc/sites/ocfo/publication/attachments/September%202019%20Revenue%20Certification%20Letter.pdf Some income tax could be replaced by changing property tax - assessed based on 1.4 - on market for 2.4. Taxes 11.3k. Homestead worth more than a Florida homestead and property taxed lower. VA would collect on the 2.4 or FMV and no homestead. Can earn 500k plus in DC and get whopping homestead. MOCO gives $692 homestead. Can earn 500k and still get it. [/quote]
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