▲ 805 ▼ Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed (www.nytimes.com) submitted 5 months ago by avidamoeba@lemmy.ca to c/news@lemmy.world 237 comments fedilink hide all child comments cross-posted from: https://sh.itjust.works/post/55502152
[–] kalpol@lemmy.ca 3 points 5 months ago* (1 child) New York is No. 2 behind Hawaii for the overall tax burden. Texas is 40th. Source is wallethub. https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494 permalink fedilink source parent hideshow 2 child comments replies: [–] porous_grey_matter@lemmy.ml 11 points 5 months ago* This thread however is about property taxes specifically. If you want to argue that NY should reduce income taxes and increase property taxes, I'm here for it, it's a better way to collect money. But having a high level of taxation in general is good if those taxes go to services. What's the average gas bill in Texas compared to NY? Also, with a progressive tax system it shouldn't be surprising that the place with incredibly high salaries is also paying more taxes. permalink fedilink source parent
[–] porous_grey_matter@lemmy.ml 11 points 5 months ago* This thread however is about property taxes specifically. If you want to argue that NY should reduce income taxes and increase property taxes, I'm here for it, it's a better way to collect money. But having a high level of taxation in general is good if those taxes go to services. What's the average gas bill in Texas compared to NY? Also, with a progressive tax system it shouldn't be surprising that the place with incredibly high salaries is also paying more taxes. permalink fedilink source parent