Quote:
Originally Posted by defrey12
That would all be fine and good if your example held water, but it doesn’t. You don’t actually think that REAL ESTATE is included in this equation, do you? It has always been taxed independently by county taxing authorities and has never been part of the income tax equation.
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It absolutely is included. That is what "property" refers to in the bill, among other things. You have to look up the legal definition of terms, when you are reading legal documents. Dictionary definitions don't always match up.