Tax incentives to use water

Some tax dollars go to building water supply projects but even more money is spent to encourage the use of more water. Here’s two major examples:

Excessively high limits on mortage interest deduction. This subsidy strongly encourages bigger houses (with bigger landscapes) and therefore bigger water use. Up to 77% of the subsidy goes to households with incomes over $100,000 per year and the deduction is good for loans of up to a million dollars.

Massive subsidy of irrigated agriculture in south Florida. According to a 2012 FSU study, for example, south Florida agriculture pays less than 1% as much in WMD taxes per acre-foot of water as non-agricultural uses.

Tax laws that don’t encourage water use would save both money and water.

Comments

Tax incentives to use water — 3 Comments

  1. I am now pulling out all of my hair whilst reading this stuff. Shee-it!!

    Rick Scott must go. Preferably yesterday.