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I read a particularly pertinent article on property tax reform proposals in the USA that I thought I would share in this newsletter. The article is titled “The Practical Realities of Property Tax Reforms” and the author states: “It’s an election year, so nobody should be surprised to see eye-catching proposals for sweeping tax cuts in various jurisdictions. Some folks want to abolish the property tax altogether; others are pushing to eliminate their state’s income tax. Their proponents’ rationales are familiar and longstanding. Generally speaking, it’s progressives and liberals who think property taxes are regressive, whereas conservatives and libertarians despise income taxes - especially graduated levies - as soak-the-rich schemes that destroy incentives for production...
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