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They're only regressive if you're not considering what people are getting out of their taxes. Gas taxes pay for highways. Social security taxes pay for your ret
by Aunche 5y ago
They're only regressive if you're not considering what people are getting out of their taxes. Gas taxes pay for highways. Social security taxes pay for your retirement. The US has one of the most progressive tax systems in the world. The only benefit we seem to get out of it is that the poor and middle class end up spending more money on consumer goods.
In the US, property taxes are so low such that they are uncorrelated with rent. The properties with the lowest tax rates thanks to Prop 13 also have some of the highest rents.
- bingohbangoh 5y agoProperty taxes are almost nonexistent in other countries normally thought of as having very high taxes (e.g. Sweden). [1] You may be thinking in California terms where property taxes are very low because of Prop 13. I can most assure you that this is not the case in New Jersey or New York. [1]: see point #3 -- https://www.vox.com/2016/4/8/11380356/swedish-taxes-love https://www.vox.com/2016/4/8/11380356/swedish-taxes-love