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‘My Property Tax Went From $15K to a Life-Altering $91K a Year’
(www.yahoo.com)
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this post was submitted on 15 May 2025
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A Boring Dystopia
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The thing about yearly property taxes is they often go to the city/municipality and that's how they pay for things.
The city doesn't charge income tax, that's a state/province/fed level type thing.
We'd need a new way for cities to collect taxes themselves, or a new system to properly and fairly distribute taxes from the incomes to the cities/municipalities where they live.
Definitely doable, but it's a bit different than just raising income taxes.
Some municipalities may also have an income tax (completely separate from state or federal income taxes). Other states have much larger sales taxes.