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Tax income instead of wealth so much, then you don't need such high property taxes.
by Latteland 8y ago
Tax income instead of wealth so much, then you don't need such high property taxes.
- Ericson2314 8y agoNo. That's still regressive.
- pmiller2 8y agoYou have to try hard to make a regressive income tax. And, by “try hard,” I mean literally impose higher rates on lower income earners. That would never fly politically anywhere.
- Nuzzerino 8y agoIsn't that what has effectively happened given the massive cost of living increases in CA? 100-150k income only affords a middle class lifestyle in many areas, yet the tax brackets did not necessarily keep up with the times. If costs of living had instead gone down, you can bet that the state would have at least tried to make adjustments in their favor if they could get away with it (likely so given the long history of tax increases).