Quote:
Originally Posted by GGG
You need to define regressive here.
Property tax is a tax on wealth which is progressive in how it's usually defined when talking about taxation options.
Property tax definately has some negative economic consequences especially amoung businesses but that isnt usually discussed as regressive vs progressive.
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I use the economic terms. Not sure what you're on about.
Progressive taxation - increasing tax rates as income/value increases.
Regressive taxation - flat tax rate regardless of income/value.