Quote:
Originally Posted by Ozy_Flame
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.
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Ah... yes? I agree?
That is exactly what i mean.
If you get a raise higher than the inflation rate you are paying LESS in property tax as a percentage of your income and exactly the same percent in last year (more in absolute terms) in income taxes (assuming you have not hit a higher bracket).
Therefore, without income taxes 'going up' they have actually gone up more than property taxes, even though the newspaper articles and forum posts were all written about 'property tax increases' and not 'income tax increases'.
Claeren.