Why are sale and property taxes regressive taxes?

Who will really benefit if Florida lowers property taxes and raises sale taxes?

  • Those with any kind of thinking brain will realize that a BIG reduction in property taxes will be a landfall for those with million dollar homes while those with $50,000 homes and low incomes will get hardly anything but an increase in their sale taxes.This will be even more of a burden on the low income people while the wealthy will just laugh it off. .

  • Answer:

    And not only that, down the road they will raise property tax back up and you will still have the higher sales trax.

logicmar... at Yahoo! Answers Visit the source

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