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Quote by: Prometheus I'm not coming out in defence of property taxes, but I don't know why they are much worse then a tax that increases because you make more. I see them as being equally sociolist. |
Yes, but a tax on income at least leaves a percent that's untouchable. Government takes their cut but the rest is yours to do with as you like.
Property taxes are different in that you can never pay off the dept. Imagine if government taxed you a percent of your bank account every year, it would be like taking everything and turning it into sand that continually slips through your fingers.
This is why I prefer an income or sales tax over property taxes. One way you pay your dues but can feel assured you can keep the rest, while the other effectively places someone else as the owner and you must continually earn dollars to keep possession of it (with the risk you'll run into a temporary hardship and lose it all too).