Monday, February 27, 2012

Sen. Nelson's "Cow" Tax Break in Tens of Thousands

Congressional Representatives and Senators are immensely wealthy, a fact which contributes to the record disapproval of Congress of the past 2-3 years.  Their wealth has separated too many of them from the economic challenges that their constituents face.  They obtain this wealth through some of the oddest tax breaks that the average American is most likely unaware of.  Democratic Senator Bill Nelson of Florida lowered his property tax bill by $43,000 last year and paid just $3,696 in property taxes.  He did this by keeping cows on part of the ground of his 55-acre property, which he classified as agricultural and has sold some lots of the property.  But, three of five lots that he sold do not fit this classification.

This type of hypocrisy hurts Democrats, who believe that the Wealthy should pay their fair share of taxes.  Republicans, on the other hand, do not mind since they want to people to keep their money, even if they got it through tax breaks that benefit only wealthy landowners like Senator Nelson. 

http://thinkprogress.org/economy/2012/02/23/431661/bill-nelson-cows-property-taxes/

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