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  2. Angela Alsobrooks improperly claimed tax deductions on DC ...

    www.aol.com/angela-alsobrooks-improperly-claimed...

    Alsobrooks saved nearly $14,000 in taxes between 2005 and 2017 on her northeast Washington property by using tax exemptions meant for the district’s primary residents, lower income residents and ...

  3. Alsobrooks improperly claimed tax credits on DC, MD ... - AOL

    www.aol.com/news/alsobrooks-improperly-claimed...

    According to the report, this credit saved her nearly $14,000 in taxes between 2005 and 2017. Her Maryland property was purchased in 2005, according to CNN, and she reportedly applied for the ...

  4. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

  5. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [16] Amid the 1970s energy crisis , Congress passed the Revenue Act of 1978 , which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.

  6. Property tax - Wikipedia

    en.wikipedia.org/wiki/Property_tax

    The amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%). To this base is then applied the revaluation coefficient. (It stood at 1.012 for 2020).

  7. Personal property - Wikipedia

    en.wikipedia.org/wiki/Personal_property

    Personal property, or possessions, includes "items intended for personal use" (e.g., one's toothbrush, clothes, and vehicles, and rarely, money). The owner has a distributive right to exclude others (i.e. the right to command a "fair share" of personal property). In anarchist theory, private property typically refers to capital or the means of ...

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