Avid Amoeba@lemmy.ca to News@lemmy.world · 1 month agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square237fedilinkarrow-up1783arrow-down16file-text
arrow-up1777arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 1 month agomessage-square237fedilinkfile-text
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up3·1 month agoProperty tax is based on property values. Rich people have more valuable properties. Of the taxes we actually have, it’s one of the most progressive as it actually hits wealthy people more.
Property tax is based on property values. Rich people have more valuable properties. Of the taxes we actually have, it’s one of the most progressive as it actually hits wealthy people more.