rich_tariffs
Re:Why Billionaires Don't Pay Property Taxes in New York
on Tuesday May 12, 2015 @02:54PM (#9534021)
I live in a state which does something similar to this -- the sales tax is extremely high, and property taxes are laughably low. I have never cared to investigate it, but my hunch is it protects those who are already land owners, and therefor the economic elite, and burdens renters and other lower income citizens with a disproportionate tax burden.