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Property taxes aren't progressive: although they're levied on individuals who tend to be well-off, a significant proportion of those costs end up passed on to r
by scarmig 6y ago
Property taxes aren't progressive: although they're levied on individuals who tend to be well-off, a significant proportion of those costs end up passed on to renters. Additionally, poorer people tend to spend a larger portion of their income on housing (be it rent or otherwise) than the rich.
- ghaff 6y agoThat's fair enough and probably depends on the housing prices in a location. Wealthier people tend to own more house but it may still be a smaller portion of their income, depending upon where they live.