4 ms·
California has one of the lowest property tax rate, yet one of the highest income tax. We need the opposite to incentivize the right behaviors .
by YeBanKo 3y ago
California has one of the lowest property tax rate, yet one of the highest income tax. We need the opposite to incentivize the right behaviors
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- deleted 3y ago[deleted]
- hn_throwaway_99 3y agoPeople love to shit on Texas (often rightfully, IMO) for their nutty laws, but I think TX got it right here. TX has no state income tax but very high property taxes (e.g. 2.5% in some jurisdictions).
- jeffbee 3y agoA thing people object to in that regime is the tax burden of a median family is pretty high. The California state income taxes of a median household are about zero. Under a high property tax rate, everyone owes an amount that seems significant to them.
- YeBanKo 3y agoHigh property tax pushes owners to rent/sell/use land rathe than let it sit unoccupied in high demand area.
- ajmurmann 3y agoOr better, land value tax. Improving the property is great and we should incentivize that! Benefiting from everyone around you improving their property while you do nothing, not so much!