November 1, 2010

TAXES ARE FOR THE LITTLE PEOPLE (CONT’D): Chafee Benefits from Tax Breaks on RI Properties. “This complex web of ownership brings a series of financial and political benefits to the Chafees. Their motor vehicle registrations at the couple’s Exeter farm allow them to benefit from a lower car tax rate. Their homestead exemption in Providence cuts the property taxes on his 54 Barnes Street home by as much as half and Chafee’s residency in Warwick has allowed him to mount his campaign for governor from a political base of support.”

UPDATE: Reader William Girardot writes: “Apparently Lincoln Chafee’s property tax dodge once again belies Obama’s assertion that ‘at a certain point you’ve made enough money.'” Heh.

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