01-30-2018, 03:24 PM
(01-30-2018, 02:26 PM)SammyOES Wrote:(01-30-2018, 01:06 PM)MidTowner Wrote: I'm curious why you would think wealthy people would be subsidizing the driving of poor people? I can't think of much progressive about the way we fund roads. Property taxes are slightly progressive, but not to a great extent- especially as equity in one's home is a smaller proportion of wealthy people's wealth than poorer people's, and other types of property taxes are passed on to renters and consumers.
I think its safe to assume (although don't know for sure) that property tax is highly correlated with wealth. Roads are also funded out of general tax revenue - which is mostly based on progressive taxes.
I'm not sure if property tax is highly correlated with wealth. Something tells me its not, for the reasons I said above. Intuitively, I would say it's regressive in respect to wealth. But I could be wrong.
It's definitely regressive in respect to income.