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Metropolitan DC Local Politics
Reply to "Elrich property tax increase"
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[quote=Anonymous]Just like with Federal tax, it's more about the taxes that some [i]don't[/i] pay. The Payment in Lieu of Tax (PILOT) arrangements meant to incentivize certain favored development, the deferrals of collections to later years for the same, and on and on. And have you ever looked af abandonment proceedings? Someone in Bethesda wants a tenth of an acre of publicly owned land to add to their property to make certain improvements possible, [i]and the County just gives that away instead of selling it at the going rate?!?[/i] These benefit well-connected interests, of course -- just look who shows up at hearings to testify. Just like the tax-preferred rates and tax avoidance associated with cap gains, carried interest, Opportunity Zones, etc.[/quote]
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