Trump tax reform
2:00
Trump tax reform
Oct 11, 2017
CBS News
🚨 Trump says he wants to abolish property taxes — but can he actually do it? 🤔 Here’s what you need to know: 🏡 Property taxes have been climbing as home values rise 📍 States like FL, IL, and OH have already floated the idea 💸 A federal ban could save homeowners thousands each year But... ❌ There is no federal property tax ⚖️ Property taxes are set at the state/local level 📉 Local governments rely on them for up to 70% of their income So while it’s a headline-grabbing idea, it’s a long shot
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