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You might have to rethink your math, here in the U.S. property taxes average 1.15% already, and would need to go up to like 8.2% just to account for personal in
by cascom 8y ago
You might have to rethink your math, here in the U.S. property taxes average 1.15% already, and would need to go up to like 8.2% just to account for personal income tax (not including payroll taxes, social security, Medicare/Medicaid, and corporate taxes)
1. https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762 https://www.thebalance.com/current-u-s-federal-government-ta...
2. https://www.usatoday.com/story/money/personalfinance/2017/04/16/comparing-average-property-taxes-all-50-states-and-dc/100314754/ https://www.usatoday.com/story/money/personalfinance/2017/04...
- pjc50 8y agoI wasn't proposing a total replacement of income tax! Certainly not overnight.