Quote:
Originally Posted by Shazam
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.
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Those were the definitions I was hoping to use.
With them property tax is not regressive, it is a tax on income. Whether you rent the property to yourself or someone else tha value of the tax is tied directly to the maximum potential income of the property.
Though I do see the regressive argument that as people spend more on property taxes increases and that in certain cases middle income will spend a greater portion of their income on property and therefore incur a higher cost.