Earlier quoted context omitted.
I've never understood this thinking. A state has a certain amount of expenditures in their budget. They have to acquire those funds somehow. If they don't collect income tax, they bump up food tax, or hotel tax, or restaurant tax, or diesel tax, etc. The money is coming out of your wallet one way or the other.
I live in a state without income tax and moderately high property taxes. This arrangement tends to favor the rich, inheritance owners over the working class. In a state income tax state, my taxes are dependent on me working, and a smaller percentage goes to property. In a property tax state, my taxes are entirely dependent on the property market, regardless of how much or little I make. When there is a budget shortfa…
What a complete and utter lie. What hole are you pulling these "facts" from?
> And if you owned property for a long while you pay less in taxes than someone younger and on a lower salary.
You mean, someone retired and unemployed vs. someone at the peak of their career?
Man...you are projecting so hard, it's palpable.