Quote:
Originally Posted by biker1
The elimination of property taxes could happen but probably unlikely simply because of inertia; the easiest thing to do is nothing. One estimate suggested that a doubling of the sales tax to 12% would make up the revenue. One possible issue is that sales tax revenue may not be as stable as property tax revenue.
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The other consideration is that property tax is a tax on the wealthy (at least those that own homes), while sales tax is generally a tax on the poor as they are more likely to spend most of their money on sales-taxable purchases.
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current
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