Mayor’s Proposed FY25 Budget Would Set Back Progress. DC Council Does Not Have to Follow Suit.
By Erica Williams • May 13, 2024 • Revenue & Budget / Taxes
[…]
[…]
[…]
[…]
[…]
[…]
By better targeting property tax benefits, the District could free up revenue to expand much-needed programs.
DC’s single-rate property tax imposes the same rate on $300,000 homes as it does on multi-million-dollar homes. By taxing residential property more progressively, the District would help correct the racist harm of past policies in the tax system and raise […]
While the myth that increased taxes will drive mass flight of high-earning residents from a state has survived on cherry-picked anecdotes, researchers have disproved this claim many times over.
[…]
[…]