2 ms·
Property taxes as we know them are levied by states and localities... whether the feds can do the same is the question. Apparently there are actually decent ar
by roywiggins 8y ago
Property taxes as we know them are levied by states and localities... whether the feds can do the same is the question.
Apparently there are actually decent arguments that it would be constitutional after all: https://itep.org/the-u-s-needs-a-federal-wealth-tax/#constitutional https://itep.org/the-u-s-needs-a-federal-wealth-tax/#constit...
The history of the Federal government's ability to tax is pretty tangled though. http://nymag.com/intelligencer/2019/02/constitutional-concerns-are-a-major-risk-for-a-wealth-tax.html http://nymag.com/intelligencer/2019/02/constitutional-concer...