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Property taxes are neither wealth or consumption taxes. Those are not the only two options. You could just as easily charge the mortgage holder the property ta
by ars 7y ago
Property taxes are neither wealth or consumption taxes. Those are not the only two options.
You could just as easily charge the mortgage holder the property tax, and that mortgage holder will then charge the that amount as an extra fee on the mortgage. What does that do to your argument?
Seem to me Property tax is basically a toll. Just like you pay a toll to use a road, you pay a toll to use a house.
- harryh 7y agoWhat does that do to your argument? It does nothing to my argument. Because the tax incidence would all still be on the consumer of the property. Just like with a rental property: the cost of the property tax is passed on to the renter.