gooddog
Recycles dryer sheets
Primary residence being in California pushed us up over 30%. Calif state income taxes are just too high.
I don't think that's true. You picked up the fact that for landlords, the listed expenses are deductions, but you omitted the fact that rent is income.This is a common mental accounting error. Renters pay property taxes, it is part of their rent. They just don't know exactly what part it is.
I see lots of comments about how homeowners have some tax advantage over renters, when it is exactly the opposite. Rent notionally includes the value of property tax deductions, plus deductions for maintenance and repairs that homeowners cannot deduct. Now, this is all modified by market-based rents, but that surely accounts for taxes and other costs among other inputs.
So what is the conclusion of this poll?
So what is the conclusion of this poll?