4 ms·
The wealth of the US middle class is already taxed heavily. In my part of the country it runs at about 3%. This tax is more commonly known as a property tax.
by reddog 11y ago
The wealth of the US middle class is already taxed heavily. In my part of the country it runs at about 3%. This tax is more commonly known as a property tax. Since the middle class carries most of its wealth in the form of equity in home, this wealth tax falls disproportionally on them.
- deleted 11y ago[deleted]
- paulojreis 11y agoBesides this, middle class doesn't have the ways of the higher class (to influence legislation and hire experts in avoiding taxation).
- dexterdog 11y ago3% ? I pay about 13-30% of my income in property taxes depending on what kind of year I had. Lately it's been closer to 30.