Quote:
Originally Posted by Claeren
A 5% rise in property taxes is inflationary, a 2% rise in income taxes would be in excess of your individual wage inflation/growth and would be (say) 5% + 2% compounded.
Claeren.
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Alright, but if your raise is adjusted to higher than the rate of inflation, then yes, while you are paying more income tax, you're also earning more to afford the said property tax increase.
Where I work, they always increase wages more than the inflationary rate; I should hope most professional corporations do the same.