Re:Detroit wants to be the first big American city to tax la...
by s1artibartfast on Monday October 16, 2023 @08:56PM
(#37908884)
It would make housing far less accessible.
It would be like a flat tax (in dollars, not percent) on every homeowner.
Currently the top 5% of income earners pay 65% of taxes, and the bottom %50 pay %2.
Instead of this, every homeowner would pay basically the same. Bezos and Musk would pay more, but they don't own a million houses each, so it wouldn't be much more.
It would be like a flat tax (in dollars, not percent) on every homeowner. Currently the top 5% of income earners pay 65% of taxes, and the bottom %50 pay %2.
Instead of this, every homeowner would pay basically the same. Bezos and Musk would pay more, but they don't own a million houses each, so it wouldn't be much more.