Every straightaway in 1 lawsuit to a greater extent than inwards writing a weblog 1 puts downward an visit that is non solely wrong, but pretty patently incorrect if 1 had stopped to intend near 10 minutes near it. So it is amongst the visit I floated on my last post that belongings taxes are progressive.
Morris Davis sends along the next information from the electrical flow population survey.
No, Martha (John) belongings taxes are non progressive, as well as they're non fifty-fifty flat, as well as non fifty-fifty inwards California where at that spot is such a affair every bit a $10 meg dollar house. (In other states you lot mightiness live pressed to pass that much coin fifty-fifty if you lot could.) People amongst lower incomes pass a larger fraction of income on housing, as well as and then pay to a greater extent than belongings taxes every bit a locomote of income. Mo says this fact is non normally recognized when assessing the progressivity of taxes.
Part of this is a fleck misleading, because income is a miserable concept. Many people amongst depression incomes convey temporarily depression incomes -- run into my S-corp owners amongst losses from the final post -- as well as don't motion every twelvemonth to suit that year's income. Retired people convey less income as well as ain houses. Permanent income or consumption would live much meliorate divisors. On the other hand, I would gauge (despite simply proving how unsafe it is to gauge anything) that housing every bit a fraction of wealth is fifty-fifty smaller for people amongst high wealth than is housing every bit a fraction of income or consumption. There are simply as well as then many houses you lot tin buy.
The total listing FYI.
Mo's website has a treasure trove of information past times the way.
Let us promise that this does non fix a designing for the year. Now I convey my resolution -- halt to intend earlier posting!
Morris Davis sends along the next information from the electrical flow population survey.
No, Martha (John) belongings taxes are non progressive, as well as they're non fifty-fifty flat, as well as non fifty-fifty inwards California where at that spot is such a affair every bit a $10 meg dollar house. (In other states you lot mightiness live pressed to pass that much coin fifty-fifty if you lot could.) People amongst lower incomes pass a larger fraction of income on housing, as well as and then pay to a greater extent than belongings taxes every bit a locomote of income. Mo says this fact is non normally recognized when assessing the progressivity of taxes.
Part of this is a fleck misleading, because income is a miserable concept. Many people amongst depression incomes convey temporarily depression incomes -- run into my S-corp owners amongst losses from the final post -- as well as don't motion every twelvemonth to suit that year's income. Retired people convey less income as well as ain houses. Permanent income or consumption would live much meliorate divisors. On the other hand, I would gauge (despite simply proving how unsafe it is to gauge anything) that housing every bit a fraction of wealth is fifty-fifty smaller for people amongst high wealth than is housing every bit a fraction of income or consumption. There are simply as well as then many houses you lot tin buy.
The total listing FYI.
Mo's website has a treasure trove of information past times the way.
Let us promise that this does non fix a designing for the year. Now I convey my resolution -- halt to intend earlier posting!
