3 ms·

Washington also has no income tax, high sales tax, but lots property tax. How does that fit your argument?

• burlesona 8y ago
  Structurally WA has many of the same benefits. It’s not a perfect comparison though because Seattle is struggling with fierce nimbys against a tech boom, and also tax rates are around 1% like in CA. Note that Austin has some of the same issues with housing prices surging due to nimbys. The biggest difference is that outside the city proper there’s a lot of land and a lot of suburbs that are thrilled to have Austin aggressively push the growth “out,” and also it was a much smaller city to begin with so this is the first ring of suburbs we’re taking about, not a second or third ring as you’ll find in bigger cities. My main argument is just that property tax is a more effective wealth tax and lends itself towards a more progressive overall tax system.