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I'm against Prop 13 more than anyone I know, but property tax (at least the way it is normally set up) is a regressive form of taxation. It's a flat rate regard
by fountainofage 7y ago
I'm against Prop 13 more than anyone I know, but property tax (at least the way it is normally set up) is a regressive form of taxation. It's a flat rate regardless of circumstances, which is pretty much the definition of a regressive tax.
- quotemstr 7y agoShouldn't some things not be adjusted for "circumstances"? Adjusting everything to individual ability to pay is tantamount to paying everyone the same amount. Why shouldn't you be able to pay for a more valuable parcel of land only if you earn more?
- dragonwriter 7y ago> Shouldn't some things not be adjusted for "circumstances"? Yes, lots of things. But taxes aren't one of them.
- kick 7y agoWhy not property taxes in particular? Disincentivising land ownership would promote growth and lead more people to population centers, which seems like one of the only effective ways to solve many of the world's problems, from climate change to lack of opportunity. Not snark, I'm really curious as to your view.
- fountainofage 7y agoI'm not really advocating one way or the other, just pointing out that property taxes are usually constructed such that the owner pays a flat rate based on an assessed value. There is no tiered increases in rates as the value goes up, so it's pretty much a classic example of a regressive tax.