Avid Amoeba@lemmy.ca to News@lemmy.world · 2 months agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square238linkfedilinkarrow-up1811arrow-down17file-textcross-posted to: news@lemmy.sdf.orgstupidpol@sh.itjust.works
arrow-up1804arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 2 months agomessage-square238linkfedilinkfile-textcross-posted to: news@lemmy.sdf.orgstupidpol@sh.itjust.works
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up3·2 months 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.